Home Case Index All Cases Income Tax Income Tax + AT Income Tax - 2016 (2) TMI AT This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2016 (2) TMI 1114 - AT - Income TaxTDS u/s 194C - non deduction of tax at source - payments payable at the end of the year or during the year - addition u/s 40(a)(ia) - Held that:- “M/s. Merilyn Shipping” [2012 (4) TMI 290 - ITAT VISAKHAPATNAM] held that section 40(a)(ia) of the Act is applicable only to the expenditure which is payable as on 31st March of every year and that the provisions of this section cannot be invoked to disallow the amounts which have already been paid during the year without deducting tax at source. In the present case, the ld. CIT(A) followed this decision of ITAT. This decision of ITAT has not been upset. The Hon’ble jurisdictional High Court has dismissed the Department’s appeal, as noted hereinabove. - Decided in favour of assessee.
|