No TDS Disallowance on Branch Transfer & Remuneration to Partner

RSVA & Co. Vs ITO (ITAT Mumbai) ITAT Deletes TDS Disallowance Because Branch Transfer Was Held Internal Adjustment; Disallowance on Payments to Partners Removed as ITAT Treats Them as Remuneration Under Section 40(b); ITAT Allows Related Party Payments Because Revenue Failed to Prove Expenditure Was Excessive; Car Hire and Salary Payments to Relatives Allowed as ITAT Finds No Evidence of Unreasonableness; ITAT Removes Section 40(a)(ia) Addition Because Payments to Partners Did Not Require TDS. The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) allowed the appeal filed by the asse...