https://www.taxtmi.com/caselaws?id=414083 The Tribunal allowed the assessee's appeal partly, dismissing the revenue's appeal. It directed the AO to delete disallowances under sections 40(a)(ia) and 37 for specific expenditures, granting depreciation on the UPS. Emphasizing adherence to binding precedents and CBDT circulars, the Tribunal upheld that stake money did not require TDS deduction and that certain expenditures were revenue in nature, benefiting the assessee's business operations. en-us Mon, 11 Oct 2021 00:00:00 +0530 Wed, 27 Oct 2021 10:02:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=414083 The Tribunal allowed the assessee's appeal partly, dismissing the revenue's appeal. It directed the AO to delete disallowances under sections 40(a)(ia) and 37 for specific expenditures, granting depreciation on the UPS. Emphasizing adherence to binding precedents and CBDT circulars, the Tribunal upheld that stake money did not require TDS deduction and that certain expenditures were revenue in nature, benefiting the assessee's business operations. Case-Laws Income Tax Mon, 11 Oct 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=414083