https://www.taxtmi.com/caselaws?id=285750 ITAT DELHI - AT held that disallowance under section 40(a)(ia) applies to both amounts shown as payable and amounts actually paid unless the payee has accounted for the receipt and paid tax, directing the AO to verify the payee's return; the assessee's plea for retrospective application of the 01-04-2015 reduction in disallowance was rejected. Ad hoc disallowance of wages was deleted for lack of basis, and additions for sundry creditors were deleted where regular transactions, bills and bank payments supported the entries. Overall decision favored the assessee, with limited remand for verification under section 40(a)(ia). en-us Fri, 23 Aug 2019 00:00:00 +0530 Wed, 01 Oct 2025 14:15:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=285750 ITAT DELHI - AT held that disallowance under section 40(a)(ia) applies to both amounts shown as payable and amounts actually paid unless the payee has accounted for the receipt and paid tax, directing the AO to verify the payee's return; the assessee's plea for retrospective application of the 01-04-2015 reduction in disallowance was rejected. Ad hoc disallowance of wages was deleted for lack of basis, and additions for sundry creditors were deleted where regular transactions, bills and bank payments supported the entries. Overall decision favored the assessee, with limited remand for verification under section 40(a)(ia). Case-Laws Income Tax Fri, 23 Aug 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=285750