https://www.taxtmi.com/caselaws?id=186216 The Tribunal dismissed the Revenue's appeal and affirmed the CIT(A)'s decision to delete the addition made by the Assessing Officer. It held that the expenses for land consolidation did not require tax deduction under section 194H of the Income Tax Act, rejecting the disallowance under section 40(a)(ia). The Tribunal emphasized the principal-to-principal nature of the transaction and the absence of a service element in payments to the consolidator, aligning with the precedent set by a previous case law. en-us Fri, 20 Nov 2015 00:00:00 +0530 Sat, 10 Sep 2016 10:32:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=186216 The Tribunal dismissed the Revenue's appeal and affirmed the CIT(A)'s decision to delete the addition made by the Assessing Officer. It held that the expenses for land consolidation did not require tax deduction under section 194H of the Income Tax Act, rejecting the disallowance under section 40(a)(ia). The Tribunal emphasized the principal-to-principal nature of the transaction and the absence of a service element in payments to the consolidator, aligning with the precedent set by a previous case law. Case-Laws Income Tax Fri, 20 Nov 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=186216