TMI BlogDisallowance of deduction expenditure u/s 40(a)(ia) - adhoc provision - It is ex-facie apparent that the...Disallowance of deduction expenditure u/s 40(a)(ia) - adhoc provision - It is ex-facie apparent that the contention of the assessee inasmuch as non-identification of the payees in the provisions and the disallowance of deduction expenditure under Section 40(a)(ia) has not been rightly appreciated by the Tribunal. - These factors necessarily requires to be addressed by the Tribunal keeping in mind the provisions of the Act as well as the legal principles enunciated by the Hon’ble Courts. - HC ..... X X X X Extracts X X X X X X X X Extracts X X X X
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