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2014 (9) TMI 1015 - AT - Income TaxDisallowance of expenditure u/s 40(a)(ia) - non deduction of tds on interest payment - Held that:- On perusal of the said orders of the Tribunal in the cases of Rajeev Kumar Agarwal (2014 (6) TMI 79 - ITAT AGRA ) and Shri Antony D. Mundackal (2013 (12) TMI 67 - ITAT COCHIN), we find merit in the arguments raised by the Ld Counsel. Accordingly, we set aside the orders of the Revenue and remand the issues to the file of the AO in all the instant three cases for adjudicating the issues afresh after examining the applicability of the said second proviso to section 40(a)(ia) of the Act and after verifying the records of the assessees. AO shall grant a reasonable opportunity of being heard to the assessees as per the principles of natural justice. - Decided in favour of assessee for statistical purposes.
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