https://www.taxtmi.com/caselaws?id=407529 The Tribunal upheld the CIT(A)'s decision to delete the addition made by the AO on account of interest-free advances, ruling that they were justified as a measure of commercial expediency with no loss to the Revenue. Additionally, the Tribunal upheld the CIT(A)'s deletion of the addition for non-deduction of TDS under section 194-I, finding that the payments to hotels did not require TDS as per the specific circumstances. The Tribunal dismissed the Revenue's appeal, affirming the CIT(A)'s decisions on both issues based on principles of commercial expediency and correct application of TDS provisions. en-us Thu, 08 Apr 2021 00:00:00 +0530 Thu, 13 May 2021 11:18:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=407529 The Tribunal upheld the CIT(A)'s decision to delete the addition made by the AO on account of interest-free advances, ruling that they were justified as a measure of commercial expediency with no loss to the Revenue. Additionally, the Tribunal upheld the CIT(A)'s deletion of the addition for non-deduction of TDS under section 194-I, finding that the payments to hotels did not require TDS as per the specific circumstances. The Tribunal dismissed the Revenue's appeal, affirming the CIT(A)'s decisions on both issues based on principles of commercial expediency and correct application of TDS provisions. Case-Laws Income Tax Thu, 08 Apr 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=407529