https://www.taxtmi.com/caselaws?id=345253 The Court upheld the decision of the Income Tax Appellate Tribunal in deleting the addition made by the Assessing Officer, disallowing charter hire charges of Barges as excessive under Section 40A(2)(a) of the Income Tax Act. The Court found that the Tribunal's factual findings were based on evidence and not erroneous, concluding that there was no excessive payment or enrichment of the respondents. As a result, the appeals filed by the Revenue/appellant were rejected. en-us Tue, 11 Apr 2017 00:00:00 +0530 Wed, 30 Aug 2017 15:09:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=345253 The Court upheld the decision of the Income Tax Appellate Tribunal in deleting the addition made by the Assessing Officer, disallowing charter hire charges of Barges as excessive under Section 40A(2)(a) of the Income Tax Act. The Court found that the Tribunal's factual findings were based on evidence and not erroneous, concluding that there was no excessive payment or enrichment of the respondents. As a result, the appeals filed by the Revenue/appellant were rejected. Case-Laws Income Tax Tue, 11 Apr 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=345253