https://www.taxtmi.com/caselaws?id=266106 Delayed remittance of TDS under section 40(a)(ia) was not sustained for the year under appeal, and the tax payment was to be allowed in the subsequent year in accordance with the statutory treatment. Depreciation and the remaining expenditure claims, including packing charges, commission and distribution charges, were remitted for fresh examination because the assessment was ex parte and the supporting bills had not been properly verified. Disallowance of raw material consumption was deleted because material use was held to bear a business nexus with circulation revenue, and not with advertising receipts; the increase in consumption was found commensurate with the increase in circulation activity. en-us Wed, 25 Jun 2014 00:00:00 +0530 Sat, 30 Aug 2014 18:14:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=266106 Delayed remittance of TDS under section 40(a)(ia) was not sustained for the year under appeal, and the tax payment was to be allowed in the subsequent year in accordance with the statutory treatment. Depreciation and the remaining expenditure claims, including packing charges, commission and distribution charges, were remitted for fresh examination because the assessment was ex parte and the supporting bills had not been properly verified. Disallowance of raw material consumption was deleted because material use was held to bear a business nexus with circulation revenue, and not with advertising receipts; the increase in consumption was found commensurate with the increase in circulation activity. Case-Laws Income Tax Wed, 25 Jun 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=266106