https://www.taxtmi.com/caselaws?id=332441 The Tribunal allowed the claim of the Assessee, a transporter, for disallowance under Section 40(a)(ia) of the Income Tax Act despite failure to deduct tax at source on transportation expenses exceeding Rs. 50,000. The Court upheld the Tribunal's decision in Commissioner of Income Tax-I vs. Valibhai Khanbhai Mankad, emphasizing that once the conditions of the further proviso of section 194C(3) are met, the liability to deduct tax at source ceases. The Court dismissed the tax appeal, following the precedent set in the Valibhai Khanbhai Mankad case, despite the Revenue's challenge. en-us Wed, 14 Sep 2016 00:00:00 +0530 Sat, 17 Sep 2016 11:36:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=332441 The Tribunal allowed the claim of the Assessee, a transporter, for disallowance under Section 40(a)(ia) of the Income Tax Act despite failure to deduct tax at source on transportation expenses exceeding Rs. 50,000. The Court upheld the Tribunal's decision in Commissioner of Income Tax-I vs. Valibhai Khanbhai Mankad, emphasizing that once the conditions of the further proviso of section 194C(3) are met, the liability to deduct tax at source ceases. The Court dismissed the tax appeal, following the precedent set in the Valibhai Khanbhai Mankad case, despite the Revenue's challenge. Case-Laws Income Tax Wed, 14 Sep 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=332441