https://www.taxtmi.com/caselaws?id=339419 The ITAT dismissed the revenue's appeal against the CIT(A) order for the assessment year 2009-2010, which involved the addition of Rs. 80,14,600 under section 40(a)(ia) for payments of machinery hiring charges. The ITAT upheld the CIT(A)'s decision to allow the deduction of these charges after verifying tax payment by the payee parties, in line with a Supreme Court decision and CBDT circular. The ITAT found no error in the CIT(A)'s order and dismissed the cross objection filed by the assessee as the CIT(A)'s decision was upheld. en-us Fri, 17 Feb 2017 00:00:00 +0530 Mon, 27 Feb 2017 10:47:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=339419 The ITAT dismissed the revenue's appeal against the CIT(A) order for the assessment year 2009-2010, which involved the addition of Rs. 80,14,600 under section 40(a)(ia) for payments of machinery hiring charges. The ITAT upheld the CIT(A)'s decision to allow the deduction of these charges after verifying tax payment by the payee parties, in line with a Supreme Court decision and CBDT circular. The ITAT found no error in the CIT(A)'s order and dismissed the cross objection filed by the assessee as the CIT(A)'s decision was upheld. Case-Laws Income Tax Fri, 17 Feb 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=339419