https://www.taxtmi.com/caselaws?id=277816 Disallowance under section 40(a)(ia) for alleged non-deduction of tax at source on interest payments was examined in light of a co-ordinate Bench ruling, which applied the principle that where two views on the scope of the provision are possible, the interpretation favourable to the assessee should prevail. The matter also turned on the factual position that the payments had been actually made during the year and were not outstanding as payable at year-end. On that basis, the disallowance was deleted and the issue was decided in favour of the assessee. en-us Fri, 09 Oct 2015 00:00:00 +0530 Wed, 26 Dec 2018 00:38:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=277816 Disallowance under section 40(a)(ia) for alleged non-deduction of tax at source on interest payments was examined in light of a co-ordinate Bench ruling, which applied the principle that where two views on the scope of the provision are possible, the interpretation favourable to the assessee should prevail. The matter also turned on the factual position that the payments had been actually made during the year and were not outstanding as payable at year-end. On that basis, the disallowance was deleted and the issue was decided in favour of the assessee. Case-Laws Income Tax Fri, 09 Oct 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=277816