https://www.taxtmi.com/caselaws?id=361789 The Court upheld the Commissioner's order regarding the disallowance of year-end provisions for expenditure under Section 40(a)(ia) of the Income Tax Act, 1961. It emphasized the mandatory nature of TDS deduction and deposit, stating penalties do not apply if tax was deducted at the time of payment and deposited on time. The decision set aside the Appellate Tribunal's judgment, restoring the Commissioner's order on the provision for commission and transportation. The Court highlighted the importance of timely TDS compliance to avoid penalties, ultimately dismissing the appeal. en-us Mon, 11 Jun 2018 00:00:00 +0530 Wed, 13 Jun 2018 17:47:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=361789 The Court upheld the Commissioner's order regarding the disallowance of year-end provisions for expenditure under Section 40(a)(ia) of the Income Tax Act, 1961. It emphasized the mandatory nature of TDS deduction and deposit, stating penalties do not apply if tax was deducted at the time of payment and deposited on time. The decision set aside the Appellate Tribunal's judgment, restoring the Commissioner's order on the provision for commission and transportation. The Court highlighted the importance of timely TDS compliance to avoid penalties, ultimately dismissing the appeal. Case-Laws Income Tax Mon, 11 Jun 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=361789