https://www.taxtmi.com/caselaws?id=417633 The Tribunal upheld the relief granted by the Commissioner of Income Tax (Appeals) in a case involving disallowances under the Income Tax Act, 1961 for the assessment year 2014-15. The contractor's appeal against disallowance under section 40(a)(ia) was successful as the Commissioner applied pre-amended provisions due to compliance with required conditions. Additionally, the Tribunal upheld the Commissioner's decision on the disallowance of vehicle running expenses, limiting it to Rs. 5 Lacs based on factual considerations and the nature of the business. The Revenue's appeal was dismissed entirely based on legal provisions, precedents, and factual analysis. en-us Wed, 19 Jan 2022 00:00:00 +0530 Fri, 28 Jan 2022 09:02:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=417633 The Tribunal upheld the relief granted by the Commissioner of Income Tax (Appeals) in a case involving disallowances under the Income Tax Act, 1961 for the assessment year 2014-15. The contractor's appeal against disallowance under section 40(a)(ia) was successful as the Commissioner applied pre-amended provisions due to compliance with required conditions. Additionally, the Tribunal upheld the Commissioner's decision on the disallowance of vehicle running expenses, limiting it to Rs. 5 Lacs based on factual considerations and the nature of the business. The Revenue's appeal was dismissed entirely based on legal provisions, precedents, and factual analysis. Case-Laws Income Tax Wed, 19 Jan 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=417633