https://www.taxtmi.com/caselaws?id=420910 The Tribunal upheld the disallowance under Section 40(a)(ia) for non-deduction of TDS on payments to CFS agents under Section 194C. It ruled that the payments were subject to TDS, rejecting the argument that they were reimbursements. The Tribunal also directed the AO to restrict the disallowance to 30% of the expenses in line with the retrospective amendment to Section 40(a)(ia), resulting in partial allowance of the appeals for the assessment years 2009-10 and 2010-11. en-us Tue, 22 Mar 2022 00:00:00 +0530 Wed, 13 Apr 2022 08:38:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=420910 The Tribunal upheld the disallowance under Section 40(a)(ia) for non-deduction of TDS on payments to CFS agents under Section 194C. It ruled that the payments were subject to TDS, rejecting the argument that they were reimbursements. The Tribunal also directed the AO to restrict the disallowance to 30% of the expenses in line with the retrospective amendment to Section 40(a)(ia), resulting in partial allowance of the appeals for the assessment years 2009-10 and 2010-11. Case-Laws Income Tax Tue, 22 Mar 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=420910