https://www.taxtmi.com/caselaws?id=362985 The Tribunal upheld the CIT(A)'s decision to delete the disallowance under Section 40(a)(ia) for non-deduction of TDS on lorry payments, as the payments were not made under a contract or sub-contract as required by the law. Additionally, the Tribunal rejected the Revenue's attempt to add unexplained cash credits under Section 68 in the assessee's partners' capital account, stating that such additions should be made in the partners' individual accounts. The Tribunal dismissed the Revenue's appeal and affirmed the CIT(A)'s decisions on both issues. en-us Wed, 04 Jul 2018 00:00:00 +0530 Fri, 06 Jul 2018 08:16:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=362985 The Tribunal upheld the CIT(A)'s decision to delete the disallowance under Section 40(a)(ia) for non-deduction of TDS on lorry payments, as the payments were not made under a contract or sub-contract as required by the law. Additionally, the Tribunal rejected the Revenue's attempt to add unexplained cash credits under Section 68 in the assessee's partners' capital account, stating that such additions should be made in the partners' individual accounts. The Tribunal dismissed the Revenue's appeal and affirmed the CIT(A)'s decisions on both issues. Case-Laws Income Tax Wed, 04 Jul 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=362985