https://www.taxtmi.com/caselaws?id=290672 The Tribunal ruled in favor of the assessee, holding that disallowance under section 40(a)(ia) is not applicable for expenses with improper TDS rates or short deduction of TDS if the tax was deducted and paid within the specified time. The decision emphasized that disallowance is only justified in cases of non-deduction or delayed payment of TDS, not for minor discrepancies in deduction rates. The judgment clarified the interpretation of section 40(a)(ia) and upheld the CIT (A)'s order, dismissing the Revenue's appeal. en-us Wed, 22 Jan 2014 00:00:00 +0530 Sat, 10 Oct 2020 10:33:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=290672 The Tribunal ruled in favor of the assessee, holding that disallowance under section 40(a)(ia) is not applicable for expenses with improper TDS rates or short deduction of TDS if the tax was deducted and paid within the specified time. The decision emphasized that disallowance is only justified in cases of non-deduction or delayed payment of TDS, not for minor discrepancies in deduction rates. The judgment clarified the interpretation of section 40(a)(ia) and upheld the CIT (A)'s order, dismissing the Revenue's appeal. Case-Laws Income Tax Wed, 22 Jan 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=290672