https://www.taxtmi.com/caselaws?id=427344 The Tribunal overturned the disallowance of wastage claimed in manufacturing gold ornaments for non-deduction of TDS under section 40(a)(ia) of the Income Tax Act. The Tribunal ruled in favor of the assessee, highlighting that since there were no actual payments involved, TDS deduction was not applicable. The disallowance made by the Assessing Officer and upheld by the Commissioner of Income Tax (Appeals) was overturned, and both appeals by the assessee were allowed. en-us Wed, 24 Aug 2022 00:00:00 +0530 Thu, 09 Mar 2023 12:23:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=427344 The Tribunal overturned the disallowance of wastage claimed in manufacturing gold ornaments for non-deduction of TDS under section 40(a)(ia) of the Income Tax Act. The Tribunal ruled in favor of the assessee, highlighting that since there were no actual payments involved, TDS deduction was not applicable. The disallowance made by the Assessing Officer and upheld by the Commissioner of Income Tax (Appeals) was overturned, and both appeals by the assessee were allowed. Case-Laws Income Tax Wed, 24 Aug 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=427344