https://www.taxtmi.com/caselaws?id=753664 Section 14A cannot be invoked where no exempt income is earned, so the disallowance on that ground failed. By contrast, year-end provisions for unfinished work and related project under the percentage completion method were treated as contract-related expenditure attracting TDS under section 194C, supporting disallowance under section 40(a)(ia) for non-deduction of tax at source. The record also indicated that some later-year payment and TDS particulars had not been examined, so that limited aspect required reconsideration. The section 40(a)(ia) disallowance was therefore broadly sustained, subject only to restricted verification of subsequent compliance, while the section 14A disallowance was deleted. en-us Wed, 05 Jun 2024 00:00:00 +0530 Wed, 18 Dec 2024 16:01:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=753664 Section 14A cannot be invoked where no exempt income is earned, so the disallowance on that ground failed. By contrast, year-end provisions for unfinished work and related project under the percentage completion method were treated as contract-related expenditure attracting TDS under section 194C, supporting disallowance under section 40(a)(ia) for non-deduction of tax at source. The record also indicated that some later-year payment and TDS particulars had not been examined, so that limited aspect required reconsideration. The section 40(a)(ia) disallowance was therefore broadly sustained, subject only to restricted verification of subsequent compliance, while the section 14A disallowance was deleted. Case-Laws Income Tax Wed, 05 Jun 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=753664