https://www.taxtmi.com/caselaws?id=329982 The Tribunal ruled in favor of the assessee, directing the AO to delete the disallowance under section 40(a)(i) for payments to subsidiaries as they did not constitute 'Fees for Technical Services' under the Double Taxation Avoidance Agreements. The disallowance under section 14A was also overturned for investments in subsidiary companies considered strategic. The issue of club expenses was remanded for further evidence and consideration by the AO. en-us Fri, 08 Jul 2016 00:00:00 +0530 Thu, 14 Jul 2016 11:42:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=329982 The Tribunal ruled in favor of the assessee, directing the AO to delete the disallowance under section 40(a)(i) for payments to subsidiaries as they did not constitute 'Fees for Technical Services' under the Double Taxation Avoidance Agreements. The disallowance under section 14A was also overturned for investments in subsidiary companies considered strategic. The issue of club expenses was remanded for further evidence and consideration by the AO. Case-Laws Income Tax Fri, 08 Jul 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=329982