https://www.taxtmi.com/caselaws?id=185567 The ITAT Mumbai dismissed the appeal by the Assessing Officer, upholding the FAA's decision to allow the deduction of the TDS amount incurred on payments to VISA and MASTER Card. The ITAT Mumbai held that the TDS payments were part of a contractual liability and allowable as business expenses, citing precedents and emphasizing that payments made under contractual obligations are deductible expenditures. The judgment was delivered on 18th September 2012. en-us Tue, 18 Sep 2012 00:00:00 +0530 Fri, 19 Aug 2016 18:41:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=185567 The ITAT Mumbai dismissed the appeal by the Assessing Officer, upholding the FAA's decision to allow the deduction of the TDS amount incurred on payments to VISA and MASTER Card. The ITAT Mumbai held that the TDS payments were part of a contractual liability and allowable as business expenses, citing precedents and emphasizing that payments made under contractual obligations are deductible expenditures. The judgment was delivered on 18th September 2012. Case-Laws Income Tax Tue, 18 Sep 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=185567