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2018 (8) TMI 719 - HC - Income TaxDisallowance u/s 40(a)(ia) in respect of labour charges and sales commission for non-deduction of tax at source (TDS) - Amount was not outstanding as on 31st March as payable - Held that:- Section 40(a)(ia) covers not only those cases where the amount is payable but also when it is paid. - The Supreme Court has pointed out that Section 194C mandates a person to deduct tax at source not only on the amounts payable but also when the sums are actually paid to the contractor, and any person who does not adhere to such a statutory obligation has to suffer the consequences stipulated in the Act of 1961. The issue stands squarely settled in favour of the Revenue - Decided in favor of Revenue.
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