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2014 (1) TMI 1885 - AT - Income TaxTDS u/s 194C or 194J - disallowance can be made u/s 40(a)(ia)of the Act on account of short deduction of TDS - HELD THAT:- Provisions of section 40(a)(ia) can be invoked only in event of non-deduction of tax source but not for lesser deduction of tax. Decision of the Tribunal in the case of Cinetek Telefilms [2013 (6) TMI 460 - ITAT MUMBAI] relied on by the assessee is also relevant for the proposition that short deduction of tax at source cannot lead to disallowance u/s 40(a)(ia). We are of the opinion that there is no infirmity in the order of the CIT (A) and the decision taken by him is fair and reasonable and it does not call for any interference. Accordingly, grounds raised by the Revenue are dismissed.
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