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2016 (1) TMI 635 - AT - Income TaxTDS u/s 194A - Disallowance u/s 40(a)(ia) - non-deduction of tax on delayed payment of dues on purchase of tractors - CIT(A) deleted the addition - Held that:- Hyderabad Bench of the Tribunal in the case of Sri Venkatesh Paper Industries P.Ltd. (2012 (9) TMI 249 - ITAT HYDERABAD) considered a similar situation, wherein it was held that interest paid on delayed payment of purchases is not interest within the definition of section 2(28A) of the Act and therefore disallowance is not warranted. - Decided in favour of assessee.
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