https://www.taxtmi.com/caselaws?id=271678 The Tribunal allowed both appeals filed by the assessee, dismissing the appeal by the Revenue. It held that sub-brokerage payments were under Section 194H, not Section 194J, and the disallowance under Section 40A(2)(b) was unjustified. Consequently, the penalty under Section 271(1)(c) was deleted due to the removal of the sub-brokerage disallowance. en-us Fri, 05 Feb 2016 00:00:00 +0530 Mon, 08 Aug 2022 12:05:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=271678 The Tribunal allowed both appeals filed by the assessee, dismissing the appeal by the Revenue. It held that sub-brokerage payments were under Section 194H, not Section 194J, and the disallowance under Section 40A(2)(b) was unjustified. Consequently, the penalty under Section 271(1)(c) was deleted due to the removal of the sub-brokerage disallowance. Case-Laws Income Tax Fri, 05 Feb 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=271678