https://www.taxtmi.com/caselaws?id=200738 The ITAT ruled in favor of the Assessee, finding that the Data/Circuit Bandwidth Charges were not for technical services, reversing the disallowance under section 40(a)(ia) of the Income Tax Act. Regarding the treatment of lease expenses claimed under AS-19 provisions, the ITAT upheld them as allowable expenditures, dismissing the AO's appeal and partly allowing the Assessee's appeal. The judgments clarified the application of tax deduction provisions and accounting standards in the cases. en-us Fri, 19 Feb 2016 00:00:00 +0530 Fri, 20 Apr 2018 10:35:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=200738 The ITAT ruled in favor of the Assessee, finding that the Data/Circuit Bandwidth Charges were not for technical services, reversing the disallowance under section 40(a)(ia) of the Income Tax Act. Regarding the treatment of lease expenses claimed under AS-19 provisions, the ITAT upheld them as allowable expenditures, dismissing the AO's appeal and partly allowing the Assessee's appeal. The judgments clarified the application of tax deduction provisions and accounting standards in the cases. Case-Laws Income Tax Fri, 19 Feb 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=200738