https://www.taxtmi.com/caselaws?id=243083 Section 40(a)(ia) is treated as applying to business expenditure even where the cost is claimed as direct expenditure under the head of business income, because the computation scheme under sections 28 and 29 read with sections 30 to 43D does not confine disallowance to deductions under sections 30 to 38. It also covers amounts actually paid during the previous year, not only sums outstanding at year-end. On that basis, the assessee's contrary contention was rejected, while the separate question whether TDS was required on the hire charges under section 194C was left for fresh adjudication by the first appellate authority. en-us Tue, 30 Jul 2013 00:00:00 +0530 Sat, 25 Jan 2014 18:18:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=243083 Section 40(a)(ia) is treated as applying to business expenditure even where the cost is claimed as direct expenditure under the head of business income, because the computation scheme under sections 28 and 29 read with sections 30 to 43D does not confine disallowance to deductions under sections 30 to 38. It also covers amounts actually paid during the previous year, not only sums outstanding at year-end. On that basis, the assessee's contrary contention was rejected, while the separate question whether TDS was required on the hire charges under section 194C was left for fresh adjudication by the first appellate authority. Case-Laws Income Tax Tue, 30 Jul 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=243083