https://www.taxtmi.com/caselaws?id=272038 The Tribunal dismissed the revenue's appeal regarding the applicability of section 40(a)(ia) of the Income Tax Act for hire charges paid, as hire charges were not considered interest and no tax deduction was required. The issues regarding lorry hire charges, vehicle depreciation, and crane depreciation were remanded for further examination, while the disallowance under section 40A(3) for cash payments exceeding Rs. 20,000 was upheld. en-us Wed, 20 Jan 2016 00:00:00 +0530 Thu, 25 Feb 2016 08:51:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=272038 The Tribunal dismissed the revenue's appeal regarding the applicability of section 40(a)(ia) of the Income Tax Act for hire charges paid, as hire charges were not considered interest and no tax deduction was required. The issues regarding lorry hire charges, vehicle depreciation, and crane depreciation were remanded for further examination, while the disallowance under section 40A(3) for cash payments exceeding Rs. 20,000 was upheld. Case-Laws Income Tax Wed, 20 Jan 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=272038