https://www.taxtmi.com/caselaws?id=755663 The ITAT Chennai allowed the assessee's appeal regarding disallowance of expenses paid to non-resident parties under section 40(a)(i) for non-deduction of TDS. The Tribunal held that when recipient parties have declared the income in their respective returns and complete details were provided, no disallowance should be made under the second proviso to section 40(a)(i). Following the SC precedent in Vegetable Products Ltd., the Tribunal applied the beneficial decision from Delhi HC over contrary Kerala HC rulings, allowing the deduction claim. en-us Thu, 27 Jun 2024 00:00:00 +0530 Tue, 16 Jul 2024 12:37:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=755663 The ITAT Chennai allowed the assessee's appeal regarding disallowance of expenses paid to non-resident parties under section 40(a)(i) for non-deduction of TDS. The Tribunal held that when recipient parties have declared the income in their respective returns and complete details were provided, no disallowance should be made under the second proviso to section 40(a)(i). Following the SC precedent in Vegetable Products Ltd., the Tribunal applied the beneficial decision from Delhi HC over contrary Kerala HC rulings, allowing the deduction claim. Case-Laws Income Tax Thu, 27 Jun 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=755663