https://www.taxtmi.com/caselaws?id=263557 The ITAT dismissed the Revenue's appeal and partially allowed the assessee's appeal. The disallowance under section 40(a)(ia) for tax deduction at source was ruled in favor of the assessee, emphasizing that disallowance cannot be invoked if tax was deducted, even if under the wrong provision. The disallowance of notified area tax liability under section 43B was rejected as the business was not closed but leased out. Expenses for an Egypt tour were allowed as the liability accrued during the relevant year. The claim of assets written off was not pressed and rejected accordingly. en-us Wed, 26 Aug 2015 00:00:00 +0530 Sat, 05 Sep 2015 11:08:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=263557 The ITAT dismissed the Revenue's appeal and partially allowed the assessee's appeal. The disallowance under section 40(a)(ia) for tax deduction at source was ruled in favor of the assessee, emphasizing that disallowance cannot be invoked if tax was deducted, even if under the wrong provision. The disallowance of notified area tax liability under section 43B was rejected as the business was not closed but leased out. Expenses for an Egypt tour were allowed as the liability accrued during the relevant year. The claim of assets written off was not pressed and rejected accordingly. Case-Laws Income Tax Wed, 26 Aug 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=263557