https://www.taxtmi.com/caselaws?id=192258 The ITAT allowed the appeal, directing the AO to delete the disallowance under section 40(a)(ia) of Rs. 1,81,29,209. The decision was based on the incorrect interpretation of the relevant provision by the revenue authorities. ITAT clarified that the clause (k) relied upon was not applicable during the assessment year, leading to the exemption of the payment under the proviso to section 194C(1) for individuals or HUFs, negating the need for tax deduction at source. en-us Fri, 06 Feb 2015 00:00:00 +0530 Tue, 23 May 2017 07:50:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=192258 The ITAT allowed the appeal, directing the AO to delete the disallowance under section 40(a)(ia) of Rs. 1,81,29,209. The decision was based on the incorrect interpretation of the relevant provision by the revenue authorities. ITAT clarified that the clause (k) relied upon was not applicable during the assessment year, leading to the exemption of the payment under the proviso to section 194C(1) for individuals or HUFs, negating the need for tax deduction at source. Case-Laws Income Tax Fri, 06 Feb 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=192258