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2012 (6) TMI 836 - HC - Income TaxWhether on the facts and in the circumstances of the case the Tribunal was justified in law in deleting the disallowance under Section 40(a)(ia) read with Section 194C(2) on the ground that the assessee is an individual? - Held that:- We are of the view that this appeal does not require admission for hearing as the applicability of law involved herein is admittedly settled. It is admitted position that the matter relates to the assessment year 2006-07, whereas Section 194C(1) has been made applicable to the individual assessee with effect from 1.6.2007. There is no dispute that the respondent is an individual assessee. Considering the position of the law, the learned Tribunal has consistently held that Section 194C(1) cannot be made applicable for the assessment year 2006- 07.
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