https://www.taxtmi.com/caselaws?id=273838 The High Court dismissed the appeal challenging the application of legal precedents and decisions concerning disallowances under sections 14A and 40(a)(ia) of the I.T. Act. The Court upheld the reliance on the precedent set in the case of Godrej & Boyce Mfg. Co. Ltd. vs. DCIT, finding the appellant's arguments unconvincing. The Tribunal's deletion of the disallowance under section 40(a)(ia) was supported, as the amount in question was related to variable costs not subject to TDS provisions. The appeal was ultimately dismissed without costs. en-us Tue, 01 Aug 2017 00:00:00 +0530 Tue, 17 Jul 2018 07:07:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=273838 The High Court dismissed the appeal challenging the application of legal precedents and decisions concerning disallowances under sections 14A and 40(a)(ia) of the I.T. Act. The Court upheld the reliance on the precedent set in the case of Godrej & Boyce Mfg. Co. Ltd. vs. DCIT, finding the appellant's arguments unconvincing. The Tribunal's deletion of the disallowance under section 40(a)(ia) was supported, as the amount in question was related to variable costs not subject to TDS provisions. The appeal was ultimately dismissed without costs. Case-Laws Income Tax Tue, 01 Aug 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=273838