https://www.taxtmi.com/caselaws?id=268105 The Tribunal ruled in favor of the appellant on all contested issues related to disallowances and deductions under the Income Tax Act for the assessment year 2007-08. It held that no disallowance was warranted for failure to deduct tax at source due to the lack of privity of contract with transporters. Additionally, it allowed the business expenses and breakage deduction, deeming them legitimate and essential for the business. The Tribunal dismissed the allegation of the appellate order being against the law and natural justice, concluding that the disallowances were not justified based on the presented circumstances and legal interpretations. en-us Fri, 24 Jul 2015 00:00:00 +0530 Fri, 20 Nov 2015 10:22:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=268105 The Tribunal ruled in favor of the appellant on all contested issues related to disallowances and deductions under the Income Tax Act for the assessment year 2007-08. It held that no disallowance was warranted for failure to deduct tax at source due to the lack of privity of contract with transporters. Additionally, it allowed the business expenses and breakage deduction, deeming them legitimate and essential for the business. The Tribunal dismissed the allegation of the appellate order being against the law and natural justice, concluding that the disallowances were not justified based on the presented circumstances and legal interpretations. Case-Laws Income Tax Fri, 24 Jul 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=268105