https://www.taxtmi.com/caselaws?id=766477 The ITAT Jaipur upheld disallowances under section 40(a)(ia) for non-deduction of TDS on payments to NBFCs, rejecting the appellant's claim that NBFCs were considered banks. The appellant failed to provide Form 27BA certificate and could not justify the oversight despite having professional assistance. The tribunal also sustained lump sum disallowances for vehicle and telephone expenses due to lack of supporting documentation like logbooks or usage records. Additionally, penalty under section 271AAB was upheld following dismissal of the quantum appeal, with the tribunal finding no fault in the penalty order. en-us Wed, 08 Jan 2025 00:00:00 +0530 Wed, 26 Feb 2025 08:17:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=766477 The ITAT Jaipur upheld disallowances under section 40(a)(ia) for non-deduction of TDS on payments to NBFCs, rejecting the appellant's claim that NBFCs were considered banks. The appellant failed to provide Form 27BA certificate and could not justify the oversight despite having professional assistance. The tribunal also sustained lump sum disallowances for vehicle and telephone expenses due to lack of supporting documentation like logbooks or usage records. Additionally, penalty under section 271AAB was upheld following dismissal of the quantum appeal, with the tribunal finding no fault in the penalty order. Case-Laws Income Tax Wed, 08 Jan 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=766477