https://www.taxtmi.com/caselaws?id=273193 The Tribunal upheld the CIT (A)'s decisions in an appeal against the assessment year 2006-07. The disallowances under section 14A and non-deduction of TDS were contested. The Tribunal affirmed the re-computation of disallowance under section 14A based on a reasonable basis per a Bombay High Court judgment. Additionally, it ruled that the non-deduction of TDS on sub-brokerage paid was justified as the payments fell outside the scope of TDS under section 194H. The Tribunal dismissed the Revenue's appeal, affirming the decisions in favor of the assessee. en-us Fri, 04 Jan 2013 00:00:00 +0530 Mon, 11 Jun 2018 12:50:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=273193 The Tribunal upheld the CIT (A)'s decisions in an appeal against the assessment year 2006-07. The disallowances under section 14A and non-deduction of TDS were contested. The Tribunal affirmed the re-computation of disallowance under section 14A based on a reasonable basis per a Bombay High Court judgment. Additionally, it ruled that the non-deduction of TDS on sub-brokerage paid was justified as the payments fell outside the scope of TDS under section 194H. The Tribunal dismissed the Revenue's appeal, affirming the decisions in favor of the assessee. Case-Laws Income Tax Fri, 04 Jan 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=273193