https://www.taxtmi.com/caselaws?id=331358 The High Court set aside the Tribunal's orders regarding additions made on freight payments under Section 40a(ia) of the Income Tax Act for the assessment year 2006-2007. The Court ruled in favor of the Revenue, remitting the matter back to the Tribunal for fresh consideration. The assessees were given the opportunity to claim the benefit of Section 194(C)(3) before its 2009 amendment. The Tribunal was directed to re-examine the issue in light of the Court's observations and pass fresh orders accordingly. en-us Thu, 30 Jun 2016 00:00:00 +0530 Fri, 19 Aug 2016 18:48:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=331358 The High Court set aside the Tribunal's orders regarding additions made on freight payments under Section 40a(ia) of the Income Tax Act for the assessment year 2006-2007. The Court ruled in favor of the Revenue, remitting the matter back to the Tribunal for fresh consideration. The assessees were given the opportunity to claim the benefit of Section 194(C)(3) before its 2009 amendment. The Tribunal was directed to re-examine the issue in light of the Court's observations and pass fresh orders accordingly. Case-Laws Income Tax Thu, 30 Jun 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=331358