Search Results Page

Search Results

1 - 1 of 1 (0.27 seconds)

M/S Subex Technologies Limited, ... vs Jcit, Bangalore on 6 September, 2022

Products P Ltd., vs. Dy. CIT [2021] 277 Taxman 22 (Kar.). This case does not apply to in the present case, where the Hon. Karnataka High Court remanded the Hon. Tribunal to examine the issue afresh under section 40(a)(i) of the I.T.Act. In the instant case, the lower authorities had all the details and were convinced of the correctness of claim under section 37(1) of the I.T.Act proceeded to disallow under section 40(a)(i) of the I.T.Act. The very fact that section 40(a)(i) of the I.T.Act was invoked by the lower authorities also establishes that the claim under section 37(1) of the I.T.Act was found admissible. If the claim under section 37(1) of the I.T.Act is not found admissible, there is no case for department to proceed to invoke section 40(a)(i) of the I.T.Act. In fact, while holding that TDS is required to be made, the lower authorities held that not only services were rendered by Subex Technologies lnc, even the technology was made available to the assessee. This itself proves that lower authorities were satisfied the expenditure was laid out or expended for the purpose of business of the assessee. Hence, the facts in the above case are distinguishable to the facts of the present case. Therefore, the above case is not applicable in the present case.
Income Tax Appellate Tribunal - Bangalore Cites 48 - Cited by 2 - Full Document
1