https://www.taxtmi.com/caselaws?id=169619 The Appellate Tribunal ITAT Hyderabad ruled in favor of the assessee concerning the disallowance under Section 40(a)(ia) of the Act, emphasizing the nature of 'dividend' paid to chit subscribers and the absence of a requirement to deduct TDS. The Tribunal upheld the order of the CIT(A) and dismissed the Revenue's appeal. Regarding the dismissal of the ground of appeal by the assessee on income from business, the Tribunal set aside lower authorities' orders, directing a reexamination by the assessing officer with allowance for necessary evidence. The Revenue's appeal was dismissed, and the assessee's cross-objection was allowed for statistical purposes. en-us Fri, 24 Feb 2012 00:00:00 +0530 Mon, 31 Jul 2017 11:49:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=169619 The Appellate Tribunal ITAT Hyderabad ruled in favor of the assessee concerning the disallowance under Section 40(a)(ia) of the Act, emphasizing the nature of 'dividend' paid to chit subscribers and the absence of a requirement to deduct TDS. The Tribunal upheld the order of the CIT(A) and dismissed the Revenue's appeal. Regarding the dismissal of the ground of appeal by the assessee on income from business, the Tribunal set aside lower authorities' orders, directing a reexamination by the assessing officer with allowance for necessary evidence. The Revenue's appeal was dismissed, and the assessee's cross-objection was allowed for statistical purposes. Case-Laws Income Tax Fri, 24 Feb 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=169619