https://www.taxtmi.com/caselaws?id=399396 The court held that the appellant was not liable to deduct tax at source on the reimbursement of freight charges as they did not have an income element. The disallowance under Section 40(a)(ia) was deemed inapplicable, and the deduction under Section 80IB was not addressed due to the favorable rulings on the first two issues. The appeals were allowed, modifying the impugned orders, with the court emphasizing the interpretation of the CBDT Circular in line with the IT Act and judicial precedents. en-us Wed, 07 Oct 2020 00:00:00 +0530 Mon, 30 Nov 2020 15:06:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=399396 The court held that the appellant was not liable to deduct tax at source on the reimbursement of freight charges as they did not have an income element. The disallowance under Section 40(a)(ia) was deemed inapplicable, and the deduction under Section 80IB was not addressed due to the favorable rulings on the first two issues. The appeals were allowed, modifying the impugned orders, with the court emphasizing the interpretation of the CBDT Circular in line with the IT Act and judicial precedents. Case-Laws Income Tax Wed, 07 Oct 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=399396