ITAT directs lower authorities to follow Merilyn shipping's case until reversed by jurisdictional HC

IT : The Tribunal held that no disallowance should be made under section 40(a)(ia) for TDS default in relation to amount paid during the year.It held that ITAT Special bench's decision in the case of Merilyn Shipping & Transports v. ADIT [2012] 20 taxmann.com 244 (Visakhapatnam) is binding on lower authorities until and unless the same is reversed by the Hon'ble jurisdictional High Court.