https://www.taxtmi.com/caselaws?id=253446 The Tribunal upheld the reopening of assessment under section 147 of the Act due to the appellant's failure to deduct tax on air freight payments, leading to potential disallowance under section 40(a)(ia) of the Act. The Tribunal differentiated the case from a Delhi High Court judgment and concluded that the assessing officer rightly reopened the assessment. Regarding the disallowance of expenditure on air freight charges, the Tribunal found the appellant liable to deduct tax under section 194C of the Act despite reimbursement by a foreign party. The Tribunal remitted the issue back to the assessing officer for further verification, setting aside lower authorities' orders. en-us Tue, 21 Oct 2014 00:00:00 +0530 Tue, 25 Nov 2014 06:45:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=253446 The Tribunal upheld the reopening of assessment under section 147 of the Act due to the appellant's failure to deduct tax on air freight payments, leading to potential disallowance under section 40(a)(ia) of the Act. The Tribunal differentiated the case from a Delhi High Court judgment and concluded that the assessing officer rightly reopened the assessment. Regarding the disallowance of expenditure on air freight charges, the Tribunal found the appellant liable to deduct tax under section 194C of the Act despite reimbursement by a foreign party. The Tribunal remitted the issue back to the assessing officer for further verification, setting aside lower authorities' orders. Case-Laws Income Tax Tue, 21 Oct 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=253446