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2017 (4) TMI 1383 - ITAT VISAKHAPATNAMTDS liability on interest paid to on-banking finance companies - Assessee submitted that due to EMI concept, he could not deduct TDS. Since assessee fails to comply with the provisions of TDS, the Assessing Officer disallowed amount under section 40(a)(ia) of the Act. - Held that:- The ld. CIT(A) by considering the decision of coordinate bench in the case of Mukundara Engineers & Contractors (2015 (7) TMI 1067 - ITAT VISAKHAPATNAM) and also in the case of assessee itself for the Assessment Year 2008-09, directed the Assessing Officer to allow the payments already made during the previous year relevant to the assessment year. There is no error or infirmity in the order of the ld.CIT(A) in directing the Assessing Officer for allowing the payments already made during the previous year relevant to the assessment year, hence, no interference is required. - Decided against the revenue.
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