https://www.taxtmi.com/caselaws?id=357866 The Tribunal allowed the assessee's appeal partly, directing the AO to re-examine the interest expenditure under Section 43B of the Income Tax Act. The disallowance under Section 40(a)(ia) for non-deduction of TDS was deleted. The Tribunal found that the interest expenditure was a contra entry with no real income earned or expenditure claimed, and the TDS deduction was not required as the provision was made on an estimation basis and reversed in the subsequent year. en-us Fri, 23 Mar 2018 00:00:00 +0530 Sat, 31 Mar 2018 11:06:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=357866 The Tribunal allowed the assessee's appeal partly, directing the AO to re-examine the interest expenditure under Section 43B of the Income Tax Act. The disallowance under Section 40(a)(ia) for non-deduction of TDS was deleted. The Tribunal found that the interest expenditure was a contra entry with no real income earned or expenditure claimed, and the TDS deduction was not required as the provision was made on an estimation basis and reversed in the subsequent year. Case-Laws Income Tax Fri, 23 Mar 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=357866