When a payment is compensatory in nature and not related to any deposit/debt/loan, then such a payment is out of ambits of provisions of section 194A

IN THE ITAT AHMEDABAD BENCH ‘A’ ITO  v. Parag Mahasukhlal Shah IT APPEAL NO. 2075 (AHD.) OF 2008 CO NO. 120/AHD./2008 [ASSESSMENT YEAR 2005-06] JUNE 30, 2011 ORDER Mukul Kr. Shrawat, Judicial Member – The revenue is in appeal and the respondent­assessee has filed a cross-objection, both have emanated from the order of Learned CIT (Appeals)-VII, Ahmedabad, dated 26-3 -2008 passed for assessment year 2005-06. (A) Revenue’s appeal; ITA No. 2075/A hd./2008 – Assessment year 2005-06 2. The only ground of the revenue is as follows :— “1. The CIT(A) err...