https://www.taxtmi.com/caselaws?id=417925 The Tribunal allowed the appeal by directing the deletion of the disallowance of compensation paid for breach of contract under Section 40(a)(ia) of the Income Tax Act, emphasizing that once TDS is deducted, even at a lower rate, disallowance cannot be invoked. Additionally, the Tribunal restricted the disallowance of foreign travel expenses to Rs. 2,50,000, highlighting the necessity of specific evidence to justify business expenses. en-us Mon, 31 Jan 2022 00:00:00 +0530 Sat, 20 Aug 2022 10:31:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=417925 The Tribunal allowed the appeal by directing the deletion of the disallowance of compensation paid for breach of contract under Section 40(a)(ia) of the Income Tax Act, emphasizing that once TDS is deducted, even at a lower rate, disallowance cannot be invoked. Additionally, the Tribunal restricted the disallowance of foreign travel expenses to Rs. 2,50,000, highlighting the necessity of specific evidence to justify business expenses. Case-Laws Income Tax Mon, 31 Jan 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=417925