https://www.taxtmi.com/caselaws?id=297734 The Tribunal allowed the Assessee's appeal, overturning the CIT's order. It was determined that as the payee had accounted for and paid tax on the ginning and pressing charges, there was no loss of tax revenue. Therefore, the Tribunal concluded that there could be no disallowance under Sec 40(a)(ia) as per the proviso to Sec 201(1), leading to the reversal of the CIT's decision. The order was pronounced in open court on 28.3.2014. en-us Fri, 28 Mar 2014 00:00:00 +0530 Tue, 21 Sep 2021 08:23:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=297734 The Tribunal allowed the Assessee's appeal, overturning the CIT's order. It was determined that as the payee had accounted for and paid tax on the ginning and pressing charges, there was no loss of tax revenue. Therefore, the Tribunal concluded that there could be no disallowance under Sec 40(a)(ia) as per the proviso to Sec 201(1), leading to the reversal of the CIT's decision. The order was pronounced in open court on 28.3.2014. Case-Laws Income Tax Fri, 28 Mar 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=297734