https://www.taxtmi.com/caselaws?id=766366 Discount extended to prepaid distributors was treated as falling outside commission treatment under section 194H, so the related disallowance under section 40(a)(ia) was deleted. Year-end accruals reversed in the next financial year were treated as accounting provisions where no identifiable payee had earned income on the mere entry, so no disallowance under section 40(a)(ia) was sustained. Club entrance fee and subscription charges were treated as business expenditure in revenue character, not capital expenditure, and the corresponding disallowance was deleted. The overall result was that all substantive additions were removed. en-us Wed, 29 Jan 2025 00:00:00 +0530 Mon, 24 Feb 2025 08:05:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=766366 Discount extended to prepaid distributors was treated as falling outside commission treatment under section 194H, so the related disallowance under section 40(a)(ia) was deleted. Year-end accruals reversed in the next financial year were treated as accounting provisions where no identifiable payee had earned income on the mere entry, so no disallowance under section 40(a)(ia) was sustained. Club entrance fee and subscription charges were treated as business expenditure in revenue character, not capital expenditure, and the corresponding disallowance was deleted. The overall result was that all substantive additions were removed. Case-Laws Income Tax Wed, 29 Jan 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=766366