https://www.taxtmi.com/caselaws?id=177053 The Income Tax Appellate Tribunal (ITAT) allowed the appeal filed by the assessee, rejecting the Assessing Officer's disallowance of expenses under section 40(a)(ia) for non-deduction of TDS. The ITAT upheld the First Appellate Authority's decision to reduce the disallowance amount, emphasizing the binding nature of the Special Bench decision in the case of Merilyn Shipping Agency Pvt. Ltd. The ITAT followed the clarification by the Hon'ble Andhra Pradesh High Court, affirming that the Special Bench decision remains binding until overturned by the Court, leading to the favorable outcome for the assessee. en-us Wed, 10 Sep 2014 00:00:00 +0530 Sat, 02 Jan 2016 10:13:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=177053 The Income Tax Appellate Tribunal (ITAT) allowed the appeal filed by the assessee, rejecting the Assessing Officer's disallowance of expenses under section 40(a)(ia) for non-deduction of TDS. The ITAT upheld the First Appellate Authority's decision to reduce the disallowance amount, emphasizing the binding nature of the Special Bench decision in the case of Merilyn Shipping Agency Pvt. Ltd. The ITAT followed the clarification by the Hon'ble Andhra Pradesh High Court, affirming that the Special Bench decision remains binding until overturned by the Court, leading to the favorable outcome for the assessee. Case-Laws Income Tax Wed, 10 Sep 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=177053