https://www.taxtmi.com/caselaws?id=373382 The High Court upheld the Tribunal's decision regarding the disallowance of expenses under Section 40(a)(ia) of the Income Tax Act, 1961. The Court concurred with the Tribunal's interpretation of Sections 194C and 44AB, emphasizing that individuals were exempt from tax deduction if their turnover did not surpass the audit threshold. The judgment highlighted the significance of factual findings and adherence to statutory provisions in tax matters, ultimately dismissing the Revenue's appeal. en-us Tue, 08 Jan 2019 00:00:00 +0530 Fri, 11 Jan 2019 11:48:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=373382 The High Court upheld the Tribunal's decision regarding the disallowance of expenses under Section 40(a)(ia) of the Income Tax Act, 1961. The Court concurred with the Tribunal's interpretation of Sections 194C and 44AB, emphasizing that individuals were exempt from tax deduction if their turnover did not surpass the audit threshold. The judgment highlighted the significance of factual findings and adherence to statutory provisions in tax matters, ultimately dismissing the Revenue's appeal. Case-Laws Income Tax Tue, 08 Jan 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=373382