https://www.taxtmi.com/caselaws?id=395270 The Tribunal ruled in favor of the assessee, determining that the entity should be classified as a Joint Venture (JV) rather than an Association of Persons (AOP). Additionally, the payments made by the JV to its partners were deemed not subject to disallowance under Section 40A(2) of the Income Tax Act. The Tribunal set aside the order of the CIT(A) and directed the Assessing Officer to delete the addition, ultimately allowing all appeals filed by the assessee. en-us Tue, 05 May 2020 00:00:00 +0530 Thu, 14 May 2020 12:59:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=395270 The Tribunal ruled in favor of the assessee, determining that the entity should be classified as a Joint Venture (JV) rather than an Association of Persons (AOP). Additionally, the payments made by the JV to its partners were deemed not subject to disallowance under Section 40A(2) of the Income Tax Act. The Tribunal set aside the order of the CIT(A) and directed the Assessing Officer to delete the addition, ultimately allowing all appeals filed by the assessee. Case-Laws Income Tax Tue, 05 May 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=395270