https://www.taxtmi.com/caselaws?id=384381 The High Court upheld the decisions of the lower authorities in a case concerning the interpretation of Sections 40(a)(i) and 40(a)(ia) of the Income Tax Act. The court affirmed the disallowance of royalty payments under Section 40(a)(i) due to non-deduction of TDS but allowed the deduction of TDS on royalty payments, directing verification and allowance in subsequent years. Additionally, the court upheld the disallowance of interest expenses under Section 40(a)(ia) for failure to deduct tax at source, emphasizing the retrospective application of the relevant provisions and dismissing the appeal. en-us Mon, 05 Aug 2019 00:00:00 +0530 Mon, 12 Aug 2019 07:56:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=384381 The High Court upheld the decisions of the lower authorities in a case concerning the interpretation of Sections 40(a)(i) and 40(a)(ia) of the Income Tax Act. The court affirmed the disallowance of royalty payments under Section 40(a)(i) due to non-deduction of TDS but allowed the deduction of TDS on royalty payments, directing verification and allowance in subsequent years. Additionally, the court upheld the disallowance of interest expenses under Section 40(a)(ia) for failure to deduct tax at source, emphasizing the retrospective application of the relevant provisions and dismissing the appeal. Case-Laws Income Tax Mon, 05 Aug 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=384381