https://www.taxtmi.com/caselaws?id=359854 The AO's appeals were dismissed due to low tax effect for AY 2006-07. Disallowance of professional fees for non-deduction of TDS was reversed in favor of the assessee for AY 2006-07 and 2008-09. The addition based on AIR information and professional receipts for AY 2007-08 and 2008-09 was remanded for fresh adjudication. Disallowance under section 40(a)(ia) for payments to non-resident entities was reversed for being professional services. Interest payment calculation was directed as per Board Circular. Payments to retired partners were held as not taxable income. The Tribunal's decisions were based on precedents and detailed analysis of provisions, favoring the assessee in most issues. en-us Fri, 23 Mar 2018 00:00:00 +0530 Fri, 04 May 2018 11:25:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=359854 The AO's appeals were dismissed due to low tax effect for AY 2006-07. Disallowance of professional fees for non-deduction of TDS was reversed in favor of the assessee for AY 2006-07 and 2008-09. The addition based on AIR information and professional receipts for AY 2007-08 and 2008-09 was remanded for fresh adjudication. Disallowance under section 40(a)(ia) for payments to non-resident entities was reversed for being professional services. Interest payment calculation was directed as per Board Circular. Payments to retired partners were held as not taxable income. The Tribunal's decisions were based on precedents and detailed analysis of provisions, favoring the assessee in most issues. Case-Laws Income Tax Fri, 23 Mar 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=359854