https://www.taxtmi.com/caselaws?id=767978 ITAT Chennai allowed the appeal regarding TDS disallowance under section 40(a)(ia). The assessee made payments to 12 transport sub-contractors without deducting TDS, claiming exemption under section 194C(6) as these contractors owned less than 10 goods carriages and provided required declarations. AO and CIT(A) disallowed 30% of payments for failure to produce mandatory declarations. ITAT found the assessee had complied with section 194C(6) provisions by collecting proper declarations from transport sub-contractors and filing quarterly E-TDS returns with complete details. The tribunal concluded that AO and CIT(A) erred in disallowing the payments despite proper compliance with statutory requirements. en-us Mon, 17 Feb 2025 00:00:00 +0530 Fri, 28 Mar 2025 08:31:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=767978 ITAT Chennai allowed the appeal regarding TDS disallowance under section 40(a)(ia). The assessee made payments to 12 transport sub-contractors without deducting TDS, claiming exemption under section 194C(6) as these contractors owned less than 10 goods carriages and provided required declarations. AO and CIT(A) disallowed 30% of payments for failure to produce mandatory declarations. ITAT found the assessee had complied with section 194C(6) provisions by collecting proper declarations from transport sub-contractors and filing quarterly E-TDS returns with complete details. The tribunal concluded that AO and CIT(A) erred in disallowing the payments despite proper compliance with statutory requirements. Case-Laws Income Tax Mon, 17 Feb 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=767978