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2017 (11) TMI 59 - AT - Income TaxTDS u/s 194H - non deduction of tds on brokerage payment - Held that:- As relying on S.J. Investment Agencies Private Ltd [2011 (2) TMI 1427 - ITAT MUMBAI] assessee has not violated the provisions of section 194H of the Income Tax Act so as to enable the AO to make addition / disallowance under section 40(ia) of the Income Tax Act on account of non-deduction of tax from the brokerage paid to various parties. - Decided in favour of assessee. Disallowance u/s 14A under the Rule 8D - Held that:- No infirmity with order of Ld. CIT(A). He has only directed the AO to rework the disallowance u/s 14A r.w. Rule 8D in the light of the decision of the Jurisdictional High Court in the case of Maxopp (2011 (11) TMI 267 - Delhi High Court ). The decision of the Jurisdictional High Court is binding on the revenue. Therefore, the revenue should have no grievance. The ground raised by the revenue is accordingly dismissed.
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