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2015 (2) TMI 1231 - ITAT MUMBAITDS u/s 194C - Disallowance made u/s 40(a)(i) - payment of fee made to project manager - Held that:- Clearly, the revenue authorities fell in error in interpreting the relevant provision of the Act, i.e. the provision on which the authorities lay their case pertained to clause (k), which in the relevant assessment year was not in the statute, which came in only via the Finance Act, 2007, w.e.f. 01.06.2007. Hence the rigors of section 194C did not attract. We, therefore, set aside the order of the CIT(A) on this issue and direct the AO to delete the disallowance made u/s 40(i)(ia) of the Act. - Decided in favour of assessee.
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