https://www.taxtmi.com/caselaws?id=177790 The Tribunal reversed the decision of the lower authorities and deleted the disallowance of Rs. 2,04,72,855/- under Section 40(a)(ia) of the Income Tax Act. The Tribunal held that the appellant, acting as a clearing and forwarding agent, was not liable for TDS under Section 194C based on the Delhi High Court precedent. Therefore, the provisions of Section 40(a)(ia) were deemed inapplicable, resulting in the appeal being allowed in favor of the assessee. en-us Fri, 04 Nov 2011 00:00:00 +0530 Fri, 15 Sep 2017 12:42:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=177790 The Tribunal reversed the decision of the lower authorities and deleted the disallowance of Rs. 2,04,72,855/- under Section 40(a)(ia) of the Income Tax Act. The Tribunal held that the appellant, acting as a clearing and forwarding agent, was not liable for TDS under Section 194C based on the Delhi High Court precedent. Therefore, the provisions of Section 40(a)(ia) were deemed inapplicable, resulting in the appeal being allowed in favor of the assessee. Case-Laws Income Tax Fri, 04 Nov 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=177790