https://www.taxtmi.com/caselaws?id=397176 The Tribunal allowed the appeal regarding the disallowance under Section 40(a)(ia) of the Income Tax Act, as the assessee had obtained the PAN of the transporter, exempting them from TDS deduction requirements. In the case of interest expenses, the Tribunal partly allowed the appeal, directing a recalculation considering the assessee's capital, as there was a lack of commercial expediency in advancing interest-free loans to related parties. The order was pronounced on 08/07/2020 at Ahmedabad. en-us Wed, 08 Jul 2020 00:00:00 +0530 Fri, 07 Aug 2020 07:41:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=397176 The Tribunal allowed the appeal regarding the disallowance under Section 40(a)(ia) of the Income Tax Act, as the assessee had obtained the PAN of the transporter, exempting them from TDS deduction requirements. In the case of interest expenses, the Tribunal partly allowed the appeal, directing a recalculation considering the assessee's capital, as there was a lack of commercial expediency in advancing interest-free loans to related parties. The order was pronounced on 08/07/2020 at Ahmedabad. Case-Laws Income Tax Wed, 08 Jul 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=397176