https://www.taxtmi.com/caselaws?id=372296 The appeal was dismissed, affirming the revision of the assessment order under section 263 due to the failure to deduct tax at source as required by section 195, leading to the disallowance of expenditure under section 40(a)(i) for the Assessment Year 2012-13. The Principal Commissioner emphasized the mandatory requirement of deducting tax at source under section 195, irrespective of the nature of the transaction, to claim deductions under section 40(a)(i). The Appellate Tribunal upheld the revision, highlighting the importance of complying with tax deduction requirements. en-us Wed, 12 Dec 2018 00:00:00 +0530 Thu, 20 Dec 2018 08:17:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=372296 The appeal was dismissed, affirming the revision of the assessment order under section 263 due to the failure to deduct tax at source as required by section 195, leading to the disallowance of expenditure under section 40(a)(i) for the Assessment Year 2012-13. The Principal Commissioner emphasized the mandatory requirement of deducting tax at source under section 195, irrespective of the nature of the transaction, to claim deductions under section 40(a)(i). The Appellate Tribunal upheld the revision, highlighting the importance of complying with tax deduction requirements. Case-Laws Income Tax Wed, 12 Dec 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=372296