https://www.taxtmi.com/caselaws?id=123020 The appeal was against the disallowance of expenses by the CIT(A) for the assessment year 2007-08 due to late deduction and deposit of tax. The Assessing Officer disallowed expenses totaling Rs. 22,91,792. The tribunal ruled in favor of the assessee, holding that as the TDS was deducted and paid before the due date of filing the return, the disallowance under section 40(a)(ia) was unwarranted. The tribunal emphasized the importance of complying with TDS deduction and payment timelines to prevent unjust disallowance of expenses based on technicalities. en-us Fri, 09 Jul 2010 00:00:00 +0530 Sat, 12 Aug 2023 12:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=123020 The appeal was against the disallowance of expenses by the CIT(A) for the assessment year 2007-08 due to late deduction and deposit of tax. The Assessing Officer disallowed expenses totaling Rs. 22,91,792. The tribunal ruled in favor of the assessee, holding that as the TDS was deducted and paid before the due date of filing the return, the disallowance under section 40(a)(ia) was unwarranted. The tribunal emphasized the importance of complying with TDS deduction and payment timelines to prevent unjust disallowance of expenses based on technicalities. Case-Laws Income Tax Fri, 09 Jul 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=123020