https://www.taxtmi.com/caselaws?id=310141 The Assessee appealed against the disallowance of expenses under section 40(a)(ia) for non-deduction of tax on management fees. The Tribunal allowed the appeal, ruling that the payment was not covered under section 194J as it was not for professional services. Therefore, the disallowance was not justified, and the expenditure was allowed. The Tribunal did not address the applicability of the proviso to section 40(a)(ia) with retrospective effect, nor did it provide detailed analysis on the levy of interest under sections 234A, 234B/234C & 234D or the initiation of penalty proceedings under section 271(l)(c). en-us Wed, 21 Oct 2015 00:00:00 +0530 Mon, 09 Oct 2023 10:06:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=310141 The Assessee appealed against the disallowance of expenses under section 40(a)(ia) for non-deduction of tax on management fees. The Tribunal allowed the appeal, ruling that the payment was not covered under section 194J as it was not for professional services. Therefore, the disallowance was not justified, and the expenditure was allowed. The Tribunal did not address the applicability of the proviso to section 40(a)(ia) with retrospective effect, nor did it provide detailed analysis on the levy of interest under sections 234A, 234B/234C & 234D or the initiation of penalty proceedings under section 271(l)(c). Case-Laws Income Tax Wed, 21 Oct 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=310141