https://www.taxtmi.com/caselaws?id=762169 The Tribunal allowed the appeal of the assessee, directing the Assessing Officer (AO) to delete the disallowed expenditure addition under Section 40(a)(ia) of the Act. It concluded that once an amount is disallowed for non-deduction of tax, it should not be subject to further TDS provisions. Additionally, the Tribunal determined that no further tax recovery was necessary since the recipients of the interest had already disclosed the income and paid taxes, thereby exonerating the deductor from being treated as a defaulter. en-us Fri, 25 Oct 2024 00:00:00 +0530 Tue, 26 Nov 2024 08:52:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=762169 The Tribunal allowed the appeal of the assessee, directing the Assessing Officer (AO) to delete the disallowed expenditure addition under Section 40(a)(ia) of the Act. It concluded that once an amount is disallowed for non-deduction of tax, it should not be subject to further TDS provisions. Additionally, the Tribunal determined that no further tax recovery was necessary since the recipients of the interest had already disclosed the income and paid taxes, thereby exonerating the deductor from being treated as a defaulter. Case-Laws Income Tax Fri, 25 Oct 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=762169