https://www.taxtmi.com/caselaws?id=264794 The Tribunal upheld the CIT(A)'s decision to delete the disallowance of interest and brokerage payments made without TDS deduction under section 40(a)(ia) of the Income Tax Act, 1961. Additionally, the disallowance of rebate and discount claimed by the assessee was also overturned. The Tribunal considered conflicting judgments and the principle of applying decisions beneficial to the assessee, ultimately dismissing the Revenue's appeal based on the reasoning provided by the CIT(A) in alignment with legislative intent and judicial precedents. en-us Fri, 17 Oct 2014 00:00:00 +0530 Sat, 03 Oct 2015 11:37:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=264794 The Tribunal upheld the CIT(A)'s decision to delete the disallowance of interest and brokerage payments made without TDS deduction under section 40(a)(ia) of the Income Tax Act, 1961. Additionally, the disallowance of rebate and discount claimed by the assessee was also overturned. The Tribunal considered conflicting judgments and the principle of applying decisions beneficial to the assessee, ultimately dismissing the Revenue's appeal based on the reasoning provided by the CIT(A) in alignment with legislative intent and judicial precedents. Case-Laws Income Tax Fri, 17 Oct 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=264794