https://www.taxtmi.com/caselaws?id=337360 The Tribunal partly allowed the assessee's appeal in ITA No. 470/Vizag/2013, setting aside the CIT's directions regarding the applicability of Section 40(a)(ia) to bandwidth and lease line charges. The Tribunal allowed the appeal in ITA No. 509/Vizag/2014, setting aside the CIT(A)'s order, which dismissed the appeal against the AO's consequential order. The Tribunal emphasized that the AO's view was one of the possible views supported by judicial decisions, and on such a debatable issue, the assessment order could not be deemed erroneous and prejudicial to the interests of revenue. en-us Fri, 15 Apr 2016 00:00:00 +0530 Sat, 07 Jan 2017 13:02:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=337360 The Tribunal partly allowed the assessee's appeal in ITA No. 470/Vizag/2013, setting aside the CIT's directions regarding the applicability of Section 40(a)(ia) to bandwidth and lease line charges. The Tribunal allowed the appeal in ITA No. 509/Vizag/2014, setting aside the CIT(A)'s order, which dismissed the appeal against the AO's consequential order. The Tribunal emphasized that the AO's view was one of the possible views supported by judicial decisions, and on such a debatable issue, the assessment order could not be deemed erroneous and prejudicial to the interests of revenue. Case-Laws Income Tax Fri, 15 Apr 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=337360