https://www.taxtmi.com/caselaws?id=367124 The Tribunal ruled in favor of the appellant, an "Association of person," in a case concerning the disallowance of salary and related expenses under section 40(ba) of the Income Tax Act. The Tribunal held that the payments made to ITD Cementation Ltd. were not share income but reimbursements for expenses incurred by the company, confirming that tax had been correctly deducted at the source. Consequently, the Tribunal set aside the Commissioner of Income-Tax (Appeals) order and allowed the appeal, determining that section 40(ba) did not apply to the payments in question. en-us Mon, 30 Jul 2018 00:00:00 +0530 Sat, 15 Sep 2018 10:37:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=367124 The Tribunal ruled in favor of the appellant, an "Association of person," in a case concerning the disallowance of salary and related expenses under section 40(ba) of the Income Tax Act. The Tribunal held that the payments made to ITD Cementation Ltd. were not share income but reimbursements for expenses incurred by the company, confirming that tax had been correctly deducted at the source. Consequently, the Tribunal set aside the Commissioner of Income-Tax (Appeals) order and allowed the appeal, determining that section 40(ba) did not apply to the payments in question. Case-Laws Income Tax Mon, 30 Jul 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=367124