https://www.taxtmi.com/caselaws?id=428418 The ITAT dismissed the Revenue's appeal and upheld the CIT (A)'s orders on both issues. The disallowance of overseas group charges under section 40(a)(i) was deleted due to it being a cost-sharing arrangement without profit element. Additionally, the addition under section 40(1)(ia) for payment to local vendors was partially sustained after considering TDS deductions. The decision emphasized consistency in applying legal provisions related to TDS deductions and disallowances under the Income Tax Act, 1961. en-us Mon, 26 Sep 2022 00:00:00 +0530 Fri, 30 Sep 2022 07:31:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=428418 The ITAT dismissed the Revenue's appeal and upheld the CIT (A)'s orders on both issues. The disallowance of overseas group charges under section 40(a)(i) was deleted due to it being a cost-sharing arrangement without profit element. Additionally, the addition under section 40(1)(ia) for payment to local vendors was partially sustained after considering TDS deductions. The decision emphasized consistency in applying legal provisions related to TDS deductions and disallowances under the Income Tax Act, 1961. Case-Laws Income Tax Mon, 26 Sep 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=428418