https://www.taxtmi.com/caselaws?id=436162 The Tribunal upheld the CIT(A)'s decisions to delete various disallowances related to non-deduction of TDS under Section 40(a)(i), including payments to BLB, KFW, BNP Paribas, IFCL, and Solomon & Solomon, citing valid tax exemption certificates and treaties. It also upheld the deletion of additions related to reimbursement of tax liability and rebates to GUVNL. However, it remitted issues concerning payments to ERDA, LD, Norton Rose, and CLP Power India Pvt. Ltd. back to the CIT(A) for further review. The Tribunal restricted disallowance under Section 14A to the extent of exempt income, dismissing the Revenue's appeals and partially allowing the assessee's appeals. en-us Mon, 27 Mar 2023 00:00:00 +0530 Tue, 02 Jan 2024 10:32:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=436162 The Tribunal upheld the CIT(A)'s decisions to delete various disallowances related to non-deduction of TDS under Section 40(a)(i), including payments to BLB, KFW, BNP Paribas, IFCL, and Solomon & Solomon, citing valid tax exemption certificates and treaties. It also upheld the deletion of additions related to reimbursement of tax liability and rebates to GUVNL. However, it remitted issues concerning payments to ERDA, LD, Norton Rose, and CLP Power India Pvt. Ltd. back to the CIT(A) for further review. The Tribunal restricted disallowance under Section 14A to the extent of exempt income, dismissing the Revenue's appeals and partially allowing the assessee's appeals. Case-Laws Income Tax Mon, 27 Mar 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=436162