https://www.taxtmi.com/caselaws?id=286572 The Gujarat HC dismissed the appeal by the Revenue. Regarding disallowance under section 40(a)(ia) of the Income-Tax Act, the Court upheld the Tribunal's decision, citing the GE India Technology Centre case that tax deduction is unnecessary if payments to non-residents are not taxable. Concerning disallowance under section 14A, the Court agreed with the Tribunal's application of the ruling in Commissioner of Income-Tax v. Corrtech Energy, stating that since the assessee did not seek exemption for any income from tax, disallowance under section 14A was not warranted. Both issues favored the assessee based on existing legal principles and precedents. en-us Tue, 24 Sep 2019 00:00:00 +0530 Wed, 04 Mar 2020 11:24:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=286572 The Gujarat HC dismissed the appeal by the Revenue. Regarding disallowance under section 40(a)(ia) of the Income-Tax Act, the Court upheld the Tribunal's decision, citing the GE India Technology Centre case that tax deduction is unnecessary if payments to non-residents are not taxable. Concerning disallowance under section 14A, the Court agreed with the Tribunal's application of the ruling in Commissioner of Income-Tax v. Corrtech Energy, stating that since the assessee did not seek exemption for any income from tax, disallowance under section 14A was not warranted. Both issues favored the assessee based on existing legal principles and precedents. Case-Laws Income Tax Tue, 24 Sep 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=286572