https://www.taxtmi.com/caselaws?id=178140 The Tribunal dismissed the Revenue's appeal, upholding the CIT(A)'s decision to delete the disallowance under section 40(a)(ia) of the Income Tax Act. It was held that unless the expenditure is claimed in the Profit and Loss Account, section 40(a)(ia) cannot be invoked. The Tribunal distinguished a Supreme Court judgment, emphasizing that section 40(a)(ia) relates to TDS deduction failure, different from section 40A(3). Therefore, the decision favored the assessee over the Revenue. en-us Wed, 28 May 2014 00:00:00 +0530 Fri, 29 Jan 2016 10:17:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=178140 The Tribunal dismissed the Revenue's appeal, upholding the CIT(A)'s decision to delete the disallowance under section 40(a)(ia) of the Income Tax Act. It was held that unless the expenditure is claimed in the Profit and Loss Account, section 40(a)(ia) cannot be invoked. The Tribunal distinguished a Supreme Court judgment, emphasizing that section 40(a)(ia) relates to TDS deduction failure, different from section 40A(3). Therefore, the decision favored the assessee over the Revenue. Case-Laws Income Tax Wed, 28 May 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=178140