https://www.taxtmi.com/caselaws?id=177313 The Tribunal ruled in favor of the appellant, deleting the disallowance under section 40(a)(ia) for labor charges in assessment years 2005-06 and 2006-07. It held that section 40(a)(ia) should not apply to payments made by the end of the previous year, supporting the appellant's position based on judicial precedents. The case highlighted the importance of timing of payments in relation to disallowances under the Income Tax Act, ultimately allowing the appeals partly and directing the Assessing Officer to verify the appellant's claim. en-us Wed, 04 Mar 2015 00:00:00 +0530 Thu, 07 Jan 2016 10:37:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=177313 The Tribunal ruled in favor of the appellant, deleting the disallowance under section 40(a)(ia) for labor charges in assessment years 2005-06 and 2006-07. It held that section 40(a)(ia) should not apply to payments made by the end of the previous year, supporting the appellant's position based on judicial precedents. The case highlighted the importance of timing of payments in relation to disallowances under the Income Tax Act, ultimately allowing the appeals partly and directing the Assessing Officer to verify the appellant's claim. Case-Laws Income Tax Wed, 04 Mar 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=177313