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2014 (12) TMI 1328 - AT - Income TaxTDS u/s 194J - amount received from the insurance companies and deposited in Float A/c by the assessee being Third Party Administrator (TPA) - addition u/s 40(a)(ia) - Held that:- This issue is covered in favour of the assessee by the decisions of this Tribunal in the case of ACIT Vs. Health India TPA Services P. Ltd. [2014 (2) TMI 1153 - ITAT MUMBAI] as well as the decision in the case of Paramount Health Services (TPA) Pvt. Ltd. Vs. ITO [2015 (3) TMI 185 - ITAT MUMBAI]. We find that an identical issue has been considered by this Tribunal in those cases by holding that the payment made by the assessee is only to replenish the amount in floating account and, therefore, the disallowance u/s 40(a)(ia) cannot be made when the assessee has not claimed any such expenditure in P&L Account. - Decided in favour of assessee.
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