https://www.taxtmi.com/caselaws?id=332729 The Tribunal dismissed the Revenue's appeal, upholding the CIT(A)'s order in favor of the assessee. The Tribunal found the CIT(A)'s findings well-reasoned and based on a thorough analysis, rejecting the Revenue's arguments regarding deletion of additions under Sections 40(a)(ia) and 41(1). The Tribunal upheld the CIT(A)'s reliance on the Supreme Court decision in GE India Technology Centre Pvt. Ltd. vs. CIT and concluded that there were no grounds to quash the CIT(A)'s order and restore the AO's decision. en-us Wed, 10 Aug 2016 00:00:00 +0530 Sat, 24 Sep 2016 09:22:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=332729 The Tribunal dismissed the Revenue's appeal, upholding the CIT(A)'s order in favor of the assessee. The Tribunal found the CIT(A)'s findings well-reasoned and based on a thorough analysis, rejecting the Revenue's arguments regarding deletion of additions under Sections 40(a)(ia) and 41(1). The Tribunal upheld the CIT(A)'s reliance on the Supreme Court decision in GE India Technology Centre Pvt. Ltd. vs. CIT and concluded that there were no grounds to quash the CIT(A)'s order and restore the AO's decision. Case-Laws Income Tax Wed, 10 Aug 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=332729