https://www.taxtmi.com/caselaws?id=446645 The Tribunal allowed the appeal, directing the deletion of the Rs. 15,98,400/- addition made under section 40(a)(ia) of the Income-tax Act, 1961. It concluded that the provisions of section 194-I were not applicable as there was no lessor-lessee relationship between the holding company and the assessee. The rent was a reimbursement for premises taken on rent by the holding company, and the Tribunal found this consistent with the department's acceptance in previous years. Consequently, the disallowance of rent expenses was overturned. en-us Fri, 25 Aug 2023 00:00:00 +0530 Fri, 08 Dec 2023 08:56:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=446645 The Tribunal allowed the appeal, directing the deletion of the Rs. 15,98,400/- addition made under section 40(a)(ia) of the Income-tax Act, 1961. It concluded that the provisions of section 194-I were not applicable as there was no lessor-lessee relationship between the holding company and the assessee. The rent was a reimbursement for premises taken on rent by the holding company, and the Tribunal found this consistent with the department's acceptance in previous years. Consequently, the disallowance of rent expenses was overturned. Case-Laws Income Tax Fri, 25 Aug 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=446645