https://www.taxtmi.com/caselaws?id=277659 The Appellate Tribunal ITAT Mumbai ruled in favor of the assessee, deciding no disallowance should be made under section 40(a)(ia) of the Act. The Tribunal considered the historical application of section 194J to transaction charges and the timing of court decisions, concluding that the assessee had a reasonable cause for not deducting tax at source. The judgment emphasized the importance of past practices, timing of court decisions, and the acknowledgment of reasonable cause in determining the outcome of the appeal in favor of the assessee. en-us Fri, 08 May 2015 00:00:00 +0530 Mon, 17 Dec 2018 06:35:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=277659 The Appellate Tribunal ITAT Mumbai ruled in favor of the assessee, deciding no disallowance should be made under section 40(a)(ia) of the Act. The Tribunal considered the historical application of section 194J to transaction charges and the timing of court decisions, concluding that the assessee had a reasonable cause for not deducting tax at source. The judgment emphasized the importance of past practices, timing of court decisions, and the acknowledgment of reasonable cause in determining the outcome of the appeal in favor of the assessee. Case-Laws Income Tax Fri, 08 May 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=277659