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2017 (6) TMI 823 - ITAT HYDERABADAllowability of deduction u/s 80IA(4) - Held that:- The issue under consideration is squarely covered by the decision of the coordinate bench of this Tribunal in the case of Annapurna Builders (2012 (11) TMI 1214 - ITAT HYDERABAD). DR neither controverted this fact nor brought any contrary decision in this regard. Therefore, we uphold the order of the CIT(A) in allowing the assessee’s claim of deduction u/s80IA(4)(iii) as his decision is in consonance with the decision of the coordinate bench. Disallowance u/s 40(a)(ia) - Held that:- Section 40(a)(ia) is applicable only to the expenditure which is payable as on 31st March of every year and cannot be invoked to disallow the amounts which have already been paid during the PY, without deducting the tax at source. Since the assessee has already paid the amount during the PY and no amount is there to be payable as on 31st March, we uphold the order of CIT(A) and dismiss the ground raised by the revenue on this issue.
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