[aaykarbhavan] Allahabad H.C vECTOR REJECTED BY MUMBAI ITAT(judgement attached)

 

ITAT : Intensifies Merilyn Shipping debate; Calcutta HC 'ratio decidendi' prevails over Allahabad 'obiter'
Rishti Stock and Shares Pvt. Ltd.

Disallowance u/s 40(a)(ia) for TDS default applicable to expenses paid during year; Rejects assessee's reliance on Allahabad HC ruling in Vector Shipping Services, which confirmed SB ruling in Merilyn..

 

Regards

Prarthana Jalan

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