https://www.taxtmi.com/caselaws?id=408710 The Tribunal allowed the appeal, ruling in favor of the assessee. The disallowance of Rs. 28,40,000 under Section 40(a)(i) for non-deduction of tax at source was deleted as the payment was for sales promotion outside India and not subject to TDS. Additionally, the lump sum disallowance of Rs. 1,60,000 for various expenses was overturned as personal expenditure presumption on directors of a private limited company was deemed inapplicable. The judgment highlighted the significance of payment nature and tax provisions alignment with business operations. en-us Mon, 14 Jun 2021 00:00:00 +0530 Sat, 19 Jun 2021 10:18:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=408710 The Tribunal allowed the appeal, ruling in favor of the assessee. The disallowance of Rs. 28,40,000 under Section 40(a)(i) for non-deduction of tax at source was deleted as the payment was for sales promotion outside India and not subject to TDS. Additionally, the lump sum disallowance of Rs. 1,60,000 for various expenses was overturned as personal expenditure presumption on directors of a private limited company was deemed inapplicable. The judgment highlighted the significance of payment nature and tax provisions alignment with business operations. Case-Laws Income Tax Mon, 14 Jun 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=408710