https://www.taxtmi.com/caselaws?id=180544 The appeal filed by the revenue was dismissed, with the CIT(A)'s findings upheld. The CIT(A) confirmed the status of the assessee as an Association of Persons (AOP) and accepted the explanation that the joint venture did not generate any profit or loss. It was held that the joint venture did not fall under the purview of TDS provisions, as it passed on the entire revenue to its members without retaining any share. The Tribunal concurred with the CIT(A)'s decision, finding no grounds for disallowance under section 40(a)(ia) of the Income-tax Act, 1961. en-us Fri, 27 Dec 2013 00:00:00 +0530 Mon, 22 Aug 2016 12:05:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=180544 The appeal filed by the revenue was dismissed, with the CIT(A)'s findings upheld. The CIT(A) confirmed the status of the assessee as an Association of Persons (AOP) and accepted the explanation that the joint venture did not generate any profit or loss. It was held that the joint venture did not fall under the purview of TDS provisions, as it passed on the entire revenue to its members without retaining any share. The Tribunal concurred with the CIT(A)'s decision, finding no grounds for disallowance under section 40(a)(ia) of the Income-tax Act, 1961. Case-Laws Income Tax Fri, 27 Dec 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=180544