https://www.taxtmi.com/caselaws?id=274779 The Tribunal upheld the CIT(A)'s decisions for all assessment years, dismissing the Revenue's appeals. The set off of losses and unabsorbed depreciation of M/s. Modern Terry Towels Ltd. against the assessee's income was allowed, and the addition under Section 40(a)(ia) for non-deduction of TDS on payments to foreign parties was deleted. The Tribunal found no infirmity in the CIT(A)'s rulings, affirming them on 30-01-2017. en-us Mon, 30 Jan 2017 00:00:00 +0530 Mon, 03 Sep 2018 12:43:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=274779 The Tribunal upheld the CIT(A)'s decisions for all assessment years, dismissing the Revenue's appeals. The set off of losses and unabsorbed depreciation of M/s. Modern Terry Towels Ltd. against the assessee's income was allowed, and the addition under Section 40(a)(ia) for non-deduction of TDS on payments to foreign parties was deleted. The Tribunal found no infirmity in the CIT(A)'s rulings, affirming them on 30-01-2017. Case-Laws Income Tax Mon, 30 Jan 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=274779