Tag: disallowance u/s 40(a)(ia)
On statutory disallowances u/s 40(a)(ia) 40A(3) there cannot be any penalty u/s 271(1)(c) especially when assessee not claimed deduction of these expenses ABCAUS Case Law Citation: ABCAUS 3016 (2019) (06) ITAT Important Case Laws Cited/relied upon by the parties: CIT v. Manjunatha Cotton & Ginning Factory, 359 ITR …
Make My Trip was not liable to deduct TDS on gateway charges payments to Banks – High Court upheld ITAT action in deleting addition u/s 40(a)(ia) ABCAUS Case Law Citation: ABCAUS 2850 (2019) (03) HC Important Case Laws Cited/relied upon by the parties Commissioner of Income Tax v …
No obligation to deduct TDS when CIT had not rejected Form No. 15G filed by the assessee on the ground of not being filed in time – ITAT ABCAUS Case Law Citation: ABCAUS 2821 (2019) (03) ITAT The appeal in this case was filed by the assessee against …
Commission paid to employees partakes character of salary and TDS is applicable only u/s 192 not under Section 194H – ITAT deleted addition u/s 40(a)(ia) ABCAUS Case Law Citation: ABCAUS 2812 (2019) (03) ITAT In the appeal covered under the instant case,the assessee had challenged order of the …
Without treating assessee as “assessee in default” u/s 201(1), no disallowance can be made u/s 40(a)(ia) for non deduction of tax at source ABCAUS Case Law Citation:ABCAUS 2752 (2019) (01) ITAT Important Case Laws Cited/relied upon by the partiesCIT vs. Ansal Land Mark Township P Ltd reported in …
Disallowance u/s 40(a)(ia) for non deduction of tax on payments to well-known NBFCs-ITAT remands issue for examination if NBFCs offered income to tax ABCAUS Case Law Citation: ABCAUS 2633 (2018) (11) ITAT Important Case Laws Cited/relied upon: Shri Azmath Ulla vs. ACIT ITO vs. Dr. Jaideep Kumar Sharma …
Payment for delayed allotment of plot by Housing Board not interest liable to TDS u/s 194A. Expression ‘interest’ was used merely for quantification of the liability – High Court ABCAUS Case Law Citation: ABCAUS 2499 (2018) 08 HC Important Case Laws Cited/relied upon by the parties: Viswapriya Financial …
Chapter VI-A deduction allowable on disallowance u/s 40(a)(ia) for profits of the eligible business so enhanced by the disallowance- ITAT ABCAUS Case Law Citation: ABCAUS 2457 (2018) 08 ITAT The instant appeal was filed by the assessee challenging the order passed by CIT(A) confirming inter alia disallowance u/s …
TDS 194C not applicable on payment by contractee to contractor of license fee. Supreme Court dismisses SLP of the Income Tax Department ABCAUS Case Law Citation: ABCAUS 2444 (2018) 07 SC The respondent assessee was granted a contract by IRCTC for providing catering service for which the assessee …
Disallowance u/s 40(a)(ia) not affected even if payee considers the receipt as income and pays tax thereon – ITAT follows Kerala High Court ABCAUS Case Law Citation: ABCAUS 2437 (2018) 07 ITAT The appeal was filed by the assessee against the order of the Commissioner of Income Tax …
