https://www.taxtmi.com/caselaws?id=339035 The ITAT Hyderabad allowed the appeal, directing the AO to delete the disallowance under section 40(a)(ia) of the Income Tax Act due to lease rentals already paid, following the Special Bench decision. The tribunal emphasized judicial discipline and overturned the AO and CIT(A)'s decisions based on High Court judgments. As the main appeal was decided in favor of the assessee, the Stay Application for the outstanding demand was dismissed as academic. en-us Fri, 10 Feb 2017 00:00:00 +0530 Fri, 17 Feb 2017 08:43:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=339035 The ITAT Hyderabad allowed the appeal, directing the AO to delete the disallowance under section 40(a)(ia) of the Income Tax Act due to lease rentals already paid, following the Special Bench decision. The tribunal emphasized judicial discipline and overturned the AO and CIT(A)'s decisions based on High Court judgments. As the main appeal was decided in favor of the assessee, the Stay Application for the outstanding demand was dismissed as academic. Case-Laws Income Tax Fri, 10 Feb 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=339035