https://www.taxtmi.com/caselaws?id=408560 The ITAT Chennai directed the deletion of disallowed hire charges of Rs. 2,92,500 due to erroneous TDS treatment. External service charges of Rs. 52,11,040 were remanded for lack of evidence but acknowledged as non-profit allocations. Payments to related parties of Rs. 77,39,322 were remanded for lack of documentation despite being self-reimbursements. Double disallowance of Rs. 52,11,040 was corrected. The appellant's request to modify appeal grounds was allowed. The judgment underscored the importance of substantiating expenses with evidence and adherence to TDS regulations under the Income Tax Act, prompting reconsideration upon evidence submission. en-us Fri, 11 Jun 2021 00:00:00 +0530 Tue, 15 Jun 2021 07:50:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=408560 The ITAT Chennai directed the deletion of disallowed hire charges of Rs. 2,92,500 due to erroneous TDS treatment. External service charges of Rs. 52,11,040 were remanded for lack of evidence but acknowledged as non-profit allocations. Payments to related parties of Rs. 77,39,322 were remanded for lack of documentation despite being self-reimbursements. Double disallowance of Rs. 52,11,040 was corrected. The appellant's request to modify appeal grounds was allowed. The judgment underscored the importance of substantiating expenses with evidence and adherence to TDS regulations under the Income Tax Act, prompting reconsideration upon evidence submission. Case-Laws Income Tax Fri, 11 Jun 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=408560