https://www.taxtmi.com/caselaws?id=387592 Disallowances under section 40(a)(ia) for alleged failure to deduct tax at source on interest, travel payments, professional fees and vehicle maintenance were directed for fresh verification. Relief was noted for bank interest covered by the statutory exemption under section 194A(3)(iii)(a), while the assessee relied on the retrospective second proviso to section 40(a)(ia) and evidence that payees had reported the income and paid tax. The objection on vehicle maintenance was rejected on the basis that section 194C applies to contractor payments and does not depend on whether the contract is oral or written. The matter was remanded to the first appellate authority for decision on merits after giving proper hearing. en-us Tue, 22 Oct 2019 00:00:00 +0530 Fri, 25 Oct 2019 15:53:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=387592 Disallowances under section 40(a)(ia) for alleged failure to deduct tax at source on interest, travel payments, professional fees and vehicle maintenance were directed for fresh verification. Relief was noted for bank interest covered by the statutory exemption under section 194A(3)(iii)(a), while the assessee relied on the retrospective second proviso to section 40(a)(ia) and evidence that payees had reported the income and paid tax. The objection on vehicle maintenance was rejected on the basis that section 194C applies to contractor payments and does not depend on whether the contract is oral or written. The matter was remanded to the first appellate authority for decision on merits after giving proper hearing. Case-Laws Income Tax Tue, 22 Oct 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=387592