https://www.taxtmi.com/highlights?id=60529 TDS u/s 195 - Disallowance invoking section 40(a) on account of Foster’s Brand - said amount was capitalized by the assessee in the books under Fixed Assets and depreciation on the same was claimed @ of 25% under section 32(1) - following the earlier decisions, no additions can be made - CIT(A) has rightly deleted the additions. - AT en-us Tue, 16 Nov 2021 11:46:38 +0530 Tue, 16 Nov 2021 11:46:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=60529 TDS u/s 195 - Disallowance invoking section 40(a) on account of Foster’s Brand - said amount was capitalized by the assessee in the books under Fixed Assets and depreciation on the same was claimed @ of 25% under section 32(1) - following the earlier decisions, no additions can be made - CIT(A) has rightly deleted the additions. - AT Highlights Income Tax Tue, 16 Nov 2021 11:46:38 +0530 https://www.taxtmi.com/highlights?id=60529