https://www.taxtmi.com/caselaws?id=400455 The Tribunal upheld the CIT(A)'s decision that TDS under Section 195 was applicable on software expenses, and the disallowance under Section 40(a)(ia) for non-deduction of TDS was justified. The Tribunal determined that the assessee's transactions constituted a purchase of software rather than acting as an intermediary, supported by the accounting treatment and lack of evidence for the intermediary claim. Additionally, the Tribunal agreed with the CIT(A)'s reliance on judicial precedents, ultimately dismissing the appeal. en-us Tue, 27 Oct 2020 00:00:00 +0530 Sat, 07 Nov 2020 17:01:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=400455 The Tribunal upheld the CIT(A)'s decision that TDS under Section 195 was applicable on software expenses, and the disallowance under Section 40(a)(ia) for non-deduction of TDS was justified. The Tribunal determined that the assessee's transactions constituted a purchase of software rather than acting as an intermediary, supported by the accounting treatment and lack of evidence for the intermediary claim. Additionally, the Tribunal agreed with the CIT(A)'s reliance on judicial precedents, ultimately dismissing the appeal. Case-Laws Income Tax Tue, 27 Oct 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=400455