https://www.taxtmi.com/caselaws?id=370296 The Tribunal upheld the CIT(A)'s decision to delete disallowed interest expenses under sections 37(1) and 40(a)(ia) of the Income Tax Act. The appeal by the Revenue was dismissed as the interest expenses were incurred based on a Special Court's order, which did not require TDS deduction. The Tribunal emphasized the importance of complying with court directives and legal principles governing TDS deductions, ultimately ruling in favor of the assessee and providing clarity on the treatment of such expenses under the Income Tax Act. en-us Tue, 06 Nov 2018 00:00:00 +0530 Thu, 15 Nov 2018 07:26:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=370296 The Tribunal upheld the CIT(A)'s decision to delete disallowed interest expenses under sections 37(1) and 40(a)(ia) of the Income Tax Act. The appeal by the Revenue was dismissed as the interest expenses were incurred based on a Special Court's order, which did not require TDS deduction. The Tribunal emphasized the importance of complying with court directives and legal principles governing TDS deductions, ultimately ruling in favor of the assessee and providing clarity on the treatment of such expenses under the Income Tax Act. Case-Laws Income Tax Tue, 06 Nov 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=370296