https://www.taxtmi.com/caselaws?id=394057 The Income Tax Appellate Tribunal (ITAT) upheld the decision of the Commissioner of Income Tax (Appeals) (CIT(A)) to disallow an amount of Rs. 18.55 lacs under Section 40(a)(ia) of the Income Tax Act. The ITAT ruled that the provision applies to amounts payable at any time during the year, requiring the deduction of Tax Deducted at Source (TDS) on the full amount paid or payable. The appeal by the assessee was dismissed, affirming the disallowance and emphasizing the broader interpretation of Section 40(a)(ia) by various High Courts. en-us Fri, 13 Mar 2020 00:00:00 +0530 Mon, 30 Mar 2020 15:39:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=394057 The Income Tax Appellate Tribunal (ITAT) upheld the decision of the Commissioner of Income Tax (Appeals) (CIT(A)) to disallow an amount of Rs. 18.55 lacs under Section 40(a)(ia) of the Income Tax Act. The ITAT ruled that the provision applies to amounts payable at any time during the year, requiring the deduction of Tax Deducted at Source (TDS) on the full amount paid or payable. The appeal by the assessee was dismissed, affirming the disallowance and emphasizing the broader interpretation of Section 40(a)(ia) by various High Courts. Case-Laws Income Tax Fri, 13 Mar 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=394057