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The Tax Publishers2015 TaxPub(DT) 1479 (Visakhapatnam-Trib)
Dy. CIT v. Veera Associates
INCOME TAX ACT, 1961 --Business disallowance under section 40(a)(ia)--Payments to residents without deduction of tax at sourceApplicability of provisions--Held: Since the entire amount of conversion expenses were paid by the assessee during the relevant previous year and nothing remained payable on the last day of the previous year, no disallowance could be made under section 40(a)(ia) on non-deduction of tax at source on conversion expenses.
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