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2013 (4) TMI 601 - AT - Income TaxDisallowance u/s 40 (a)(ia) – On the amount paid by the assessee to the consolidator for transfer of rights - As per revenue the payment as consolidation charges had been made without deduction of TDS and the consolidator was working as an agent of the assessee and, hence, made contraventions of provision of Section 40(a)(ia). Held that – The matter, it is seen, is squarely covered in favour of the assessee by Finian Estates Developers (P) Ltd [2012 (6) TMI 705] inasmuch as in that case, the very same agreement as the one under consideration herein, was at issue. Thus, finding merit in the grievance sought to be raised by the assessee, the same is accepted. Appeal allowed.
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