https://www.taxtmi.com/caselaws?id=360917 The ITAT, Cuttack allowed the assessee's appeal, setting aside the CIT(A)'s order and deleting the additions made under section 40(a)(ia) for non-deduction of TDS. The Tribunal held that the failure to file certain forms did not justify disallowance if payees' income tax returns reflected the amounts received and declarations stated no tax deduction. The Tribunal emphasized that non-filing of forms might lead to penalties but not disallowance of expenditure under the Income Tax Act. en-us Mon, 23 Apr 2018 00:00:00 +0530 Fri, 25 May 2018 08:33:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=360917 The ITAT, Cuttack allowed the assessee's appeal, setting aside the CIT(A)'s order and deleting the additions made under section 40(a)(ia) for non-deduction of TDS. The Tribunal held that the failure to file certain forms did not justify disallowance if payees' income tax returns reflected the amounts received and declarations stated no tax deduction. The Tribunal emphasized that non-filing of forms might lead to penalties but not disallowance of expenditure under the Income Tax Act. Case-Laws Income Tax Mon, 23 Apr 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=360917