https://www.taxtmi.com/caselaws?id=216805 The Tribunal allowed the appeal, overturning the disallowance under sections 40(a)(ia) and 40A(3) of the Income-tax Act, 1961. The Tribunal emphasized the term "payable" in section 40(a)(ia) and distinguished the payment patterns in the case, following the decision in Shri Mahaveer Corporation vs. ITO. Additionally, the Tribunal directed the AO to consider TDS credit in computing the demand. The interest issue was deemed consequential and adjusted in line with the appeal's outcome, highlighting the correct application of legal provisions and precedents. en-us Fri, 15 Jun 2012 00:00:00 +0530 Fri, 21 Sep 2012 13:17:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=216805 The Tribunal allowed the appeal, overturning the disallowance under sections 40(a)(ia) and 40A(3) of the Income-tax Act, 1961. The Tribunal emphasized the term "payable" in section 40(a)(ia) and distinguished the payment patterns in the case, following the decision in Shri Mahaveer Corporation vs. ITO. Additionally, the Tribunal directed the AO to consider TDS credit in computing the demand. The interest issue was deemed consequential and adjusted in line with the appeal's outcome, highlighting the correct application of legal provisions and precedents. Case-Laws Income Tax Fri, 15 Jun 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=216805