https://www.taxtmi.com/caselaws?id=221918 Section 40(a)(ia) requires tax to be deducted from the relevant payment or amount payable itself, and then remitted within the prescribed time. A later debit to the payee's running account does not amount to deduction at source where no tax was actually deducted from the earlier payments made during the year. The relaxation under the Finance Act, 2010 and the principle in Virgin Creations apply only where tax was in fact deducted and paid within the extended time, not where deduction was absent altogether. The disallowance under section 40(a)(ia) was therefore correctly attracted. en-us Fri, 08 Feb 2013 00:00:00 +0530 Thu, 19 May 2022 16:29:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=221918 Section 40(a)(ia) requires tax to be deducted from the relevant payment or amount payable itself, and then remitted within the prescribed time. A later debit to the payee's running account does not amount to deduction at source where no tax was actually deducted from the earlier payments made during the year. The relaxation under the Finance Act, 2010 and the principle in Virgin Creations apply only where tax was in fact deducted and paid within the extended time, not where deduction was absent altogether. The disallowance under section 40(a)(ia) was therefore correctly attracted. Case-Laws Income Tax Fri, 08 Feb 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=221918