Tax Management India. Com
Law and Practice  :  Digital eBook
Research is most exciting & rewarding
  TMI - Tax Management India. Com
Follow us:
  Facebook   Twitter   Linkedin   Telegram

Home Case Index All Cases Income Tax Income Tax + AT Income Tax - 2012 (4) TMI AT This

  • Login
  • Cases Cited
  • Referred In
  • Summary

Forgot password       New User/ Regiser

⇒ Register to get Live Demo



 

2012 (4) TMI 290 - AT - Income Tax


  1. 2024 (10) TMI 750 - HC
  2. 2020 (9) TMI 1134 - HC
  3. 2019 (8) TMI 851 - HC
  4. 2019 (8) TMI 570 - HC
  5. 2020 (1) TMI 652 - HC
  6. 2019 (1) TMI 658 - HC
  7. 2018 (8) TMI 719 - HC
  8. 2017 (12) TMI 1702 - HC
  9. 2017 (9) TMI 1709 - HC
  10. 2016 (8) TMI 742 - HC
  11. 2015 (8) TMI 666 - HC
  12. 2015 (5) TMI 617 - HC
  13. 2014 (12) TMI 567 - HC
  14. 2015 (5) TMI 309 - HC
  15. 2014 (5) TMI 894 - HC
  16. 2013 (10) TMI 111 - HC
  17. 2013 (7) TMI 622 - HC
  18. 2013 (6) TMI 765 - HC
  19. 2013 (5) TMI 457 - HC
  20. 2013 (4) TMI 823 - HC
  21. 2013 (5) TMI 511 - HC
  22. 2013 (5) TMI 510 - HC
  23. 2013 (8) TMI 558 - HC
  24. 2013 (8) TMI 288 - HC
  25. 2024 (4) TMI 353 - AT
  26. 2024 (5) TMI 434 - AT
  27. 2024 (6) TMI 856 - AT
  28. 2023 (10) TMI 368 - AT
  29. 2023 (5) TMI 53 - AT
  30. 2022 (11) TMI 654 - AT
  31. 2022 (7) TMI 481 - AT
  32. 2021 (11) TMI 523 - AT
  33. 2021 (9) TMI 528 - AT
  34. 2021 (5) TMI 821 - AT
  35. 2020 (12) TMI 1233 - AT
  36. 2020 (6) TMI 409 - AT
  37. 2020 (3) TMI 1201 - AT
  38. 2020 (4) TMI 815 - AT
  39. 2020 (2) TMI 1041 - AT
  40. 2020 (3) TMI 213 - AT
  41. 2020 (5) TMI 160 - AT
  42. 2020 (1) TMI 995 - AT
  43. 2019 (11) TMI 1574 - AT
  44. 2019 (11) TMI 859 - AT
  45. 2020 (1) TMI 1011 - AT
  46. 2019 (7) TMI 1086 - AT
  47. 2019 (4) TMI 1840 - AT
  48. 2019 (4) TMI 1227 - AT
  49. 2019 (4) TMI 874 - AT
  50. 2019 (5) TMI 1591 - AT
  51. 2019 (3) TMI 1826 - AT
  52. 2018 (11) TMI 950 - AT
  53. 2018 (9) TMI 1757 - AT
  54. 2018 (8) TMI 659 - AT
  55. 2018 (6) TMI 88 - AT
  56. 2018 (5) TMI 60 - AT
  57. 2018 (3) TMI 1794 - AT
  58. 2018 (3) TMI 1157 - AT
  59. 2018 (3) TMI 1834 - AT
  60. 2018 (3) TMI 1974 - AT
  61. 2018 (2) TMI 2071 - AT
  62. 2018 (2) TMI 1587 - AT
  63. 2018 (2) TMI 1519 - AT
  64. 2018 (1) TMI 1187 - AT
  65. 2018 (6) TMI 144 - AT
  66. 2017 (12) TMI 1219 - AT
  67. 2017 (12) TMI 875 - AT
  68. 2017 (12) TMI 917 - AT
  69. 2017 (12) TMI 190 - AT
  70. 2017 (11) TMI 1308 - AT
  71. 2017 (10) TMI 1244 - AT
  72. 2017 (9) TMI 573 - AT
  73. 2017 (11) TMI 1200 - AT
  74. 2017 (11) TMI 1050 - AT
  75. 2017 (9) TMI 1519 - AT
  76. 2018 (1) TMI 838 - AT
  77. 2017 (9) TMI 567 - AT
  78. 2017 (7) TMI 867 - AT
  79. 2017 (8) TMI 1247 - AT
  80. 2017 (8) TMI 1246 - AT
  81. 2017 (6) TMI 1356 - AT
  82. 2017 (8) TMI 365 - AT
  83. 2017 (6) TMI 181 - AT
  84. 2017 (5) TMI 1521 - AT
  85. 2017 (8) TMI 277 - AT
  86. 2017 (5) TMI 366 - AT
  87. 2017 (5) TMI 1702 - AT
  88. 2017 (5) TMI 115 - AT
  89. 2017 (5) TMI 9 - AT
  90. 2017 (4) TMI 1383 - AT
  91. 2017 (6) TMI 823 - AT
  92. 2017 (4) TMI 867 - AT
  93. 2017 (4) TMI 404 - AT
  94. 2017 (4) TMI 110 - AT
  95. 2017 (3) TMI 1375 - AT
  96. 2017 (3) TMI 956 - AT
  97. 2017 (3) TMI 955 - AT
  98. 2017 (3) TMI 795 - AT
  99. 2017 (3) TMI 262 - AT
  100. 2017 (2) TMI 850 - AT
  101. 2017 (2) TMI 735 - AT
  102. 2017 (2) TMI 548 - AT
  103. 2017 (1) TMI 1089 - AT
  104. 2017 (1) TMI 323 - AT
  105. 2017 (1) TMI 251 - AT
  106. 2017 (1) TMI 1326 - AT
  107. 2016 (12) TMI 1190 - AT
  108. 2017 (2) TMI 1099 - AT
  109. 2017 (1) TMI 325 - AT
  110. 2016 (12) TMI 1785 - AT
  111. 2017 (1) TMI 943 - AT
  112. 2016 (11) TMI 1009 - AT
  113. 2017 (1) TMI 266 - AT
  114. 2017 (1) TMI 172 - AT
  115. 2016 (12) TMI 1138 - AT
  116. 2016 (11) TMI 1251 - AT
  117. 2016 (11) TMI 878 - AT
  118. 2016 (11) TMI 535 - AT
  119. 2016 (11) TMI 877 - AT
  120. 2016 (10) TMI 893 - AT
  121. 2016 (11) TMI 529 - AT
  122. 2016 (10) TMI 1297 - AT
  123. 2016 (9) TMI 1245 - AT
  124. 2016 (11) TMI 1237 - AT
  125. 2016 (9) TMI 1286 - AT
  126. 2016 (8) TMI 1301 - AT
  127. 2016 (8) TMI 1291 - AT
  128. 2016 (8) TMI 1569 - AT
  129. 2016 (9) TMI 646 - AT
  130. 2016 (7) TMI 1269 - AT
  131. 2016 (7) TMI 1240 - AT
  132. 2016 (9) TMI 401 - AT
  133. 2016 (11) TMI 740 - AT
  134. 2016 (7) TMI 1607 - AT
  135. 2016 (7) TMI 394 - AT
  136. 2016 (7) TMI 172 - AT
  137. 2016 (8) TMI 319 - AT
  138. 2016 (8) TMI 730 - AT
  139. 2016 (6) TMI 1326 - AT
  140. 2016 (8) TMI 600 - AT
  141. 2016 (7) TMI 271 - AT
  142. 2016 (9) TMI 445 - AT
  143. 2016 (6) TMI 372 - AT
  144. 2016 (5) TMI 1369 - AT
  145. 2016 (6) TMI 253 - AT
  146. 2016 (6) TMI 94 - AT
  147. 2016 (6) TMI 81 - AT
  148. 2016 (5) TMI 34 - AT
  149. 2016 (5) TMI 1129 - AT
  150. 2016 (4) TMI 524 - AT
  151. 2016 (5) TMI 954 - AT
  152. 2016 (5) TMI 760 - AT
  153. 2016 (5) TMI 547 - AT
  154. 2016 (4) TMI 1419 - AT
  155. 2016 (5) TMI 619 - AT
  156. 2016 (5) TMI 162 - AT
  157. 2016 (4) TMI 1007 - AT
  158. 2016 (3) TMI 1316 - AT
  159. 2016 (4) TMI 567 - AT
  160. 2016 (2) TMI 1114 - AT
  161. 2016 (4) TMI 643 - AT
  162. 2016 (2) TMI 1207 - AT
  163. 2016 (3) TMI 1011 - AT
  164. 2016 (3) TMI 358 - AT
  165. 2016 (3) TMI 311 - AT
  166. 2016 (3) TMI 48 - AT
  167. 2016 (2) TMI 463 - AT
  168. 2016 (2) TMI 428 - AT
  169. 2016 (2) TMI 397 - AT
  170. 2016 (2) TMI 239 - AT
  171. 2016 (3) TMI 906 - AT
  172. 2015 (12) TMI 1586 - AT
  173. 2015 (12) TMI 1520 - AT
  174. 2015 (12) TMI 1564 - AT
  175. 2015 (12) TMI 506 - AT
  176. 2015 (12) TMI 1029 - AT
  177. 2016 (2) TMI 79 - AT
  178. 2015 (12) TMI 1243 - AT
  179. 2015 (12) TMI 691 - AT
  180. 2015 (11) TMI 1447 - AT
  181. 2016 (1) TMI 749 - AT
  182. 2015 (12) TMI 688 - AT
  183. 2015 (12) TMI 896 - AT
  184. 2015 (11) TMI 298 - AT
  185. 2015 (11) TMI 275 - AT
  186. 2015 (10) TMI 2744 - AT
  187. 2015 (11) TMI 744 - AT
  188. 2016 (1) TMI 929 - AT
  189. 2015 (11) TMI 1361 - AT
  190. 2015 (11) TMI 534 - AT
  191. 2015 (11) TMI 531 - AT
  192. 2015 (9) TMI 1503 - AT
  193. 2015 (10) TMI 2429 - AT
  194. 2015 (10) TMI 1757 - AT
  195. 2015 (10) TMI 1000 - AT
  196. 2015 (9) TMI 1004 - AT
  197. 2015 (9) TMI 15 - AT
  198. 2015 (11) TMI 1197 - AT
  199. 2015 (8) TMI 42 - AT
  200. 2015 (7) TMI 1051 - AT
  201. 2015 (11) TMI 914 - AT
  202. 2015 (7) TMI 1067 - AT
  203. 2015 (7) TMI 1074 - AT
  204. 2015 (11) TMI 265 - AT
  205. 2015 (7) TMI 737 - AT
  206. 2015 (7) TMI 684 - AT
  207. 2015 (7) TMI 518 - AT
  208. 2015 (9) TMI 1225 - AT
  209. 2015 (7) TMI 700 - AT
  210. 2015 (7) TMI 122 - AT
  211. 2015 (7) TMI 120 - AT
  212. 2015 (7) TMI 117 - AT
  213. 2015 (10) TMI 1437 - AT
  214. 2015 (6) TMI 809 - AT
  215. 2015 (6) TMI 665 - AT
  216. 2015 (6) TMI 457 - AT
  217. 2015 (5) TMI 987 - AT
  218. 2015 (6) TMI 388 - AT
  219. 2015 (6) TMI 387 - AT
  220. 2015 (10) TMI 1415 - AT
  221. 2015 (11) TMI 746 - AT
  222. 2015 (10) TMI 1413 - AT
  223. 2015 (4) TMI 1140 - AT
  224. 2015 (5) TMI 605 - AT
  225. 2015 (7) TMI 357 - AT
  226. 2015 (3) TMI 803 - AT
  227. 2015 (3) TMI 1334 - AT
  228. 2015 (4) TMI 538 - AT
  229. 2015 (6) TMI 356 - AT
  230. 2015 (4) TMI 370 - AT
  231. 2015 (3) TMI 1118 - AT
  232. 2015 (3) TMI 981 - AT
  233. 2015 (3) TMI 265 - AT
  234. 2015 (3) TMI 451 - AT
  235. 2015 (4) TMI 291 - AT
  236. 2015 (7) TMI 437 - AT
  237. 2015 (3) TMI 487 - AT
  238. 2015 (2) TMI 1311 - AT
  239. 2015 (8) TMI 753 - AT
  240. 2015 (8) TMI 700 - AT
  241. 2015 (2) TMI 1175 - AT
  242. 2015 (2) TMI 532 - AT
  243. 2015 (1) TMI 1442 - AT
  244. 2015 (1) TMI 1208 - AT
  245. 2015 (7) TMI 901 - AT
  246. 2015 (1) TMI 919 - AT
  247. 2015 (1) TMI 510 - AT
  248. 2015 (1) TMI 468 - AT
  249. 2015 (1) TMI 1233 - AT
  250. 2015 (1) TMI 688 - AT
  251. 2014 (12) TMI 1217 - AT
  252. 2015 (8) TMI 313 - AT
  253. 2015 (2) TMI 547 - AT
  254. 2014 (11) TMI 1197 - AT
  255. 2014 (12) TMI 1105 - AT
  256. 2014 (11) TMI 1108 - AT
  257. 2014 (11) TMI 549 - AT
  258. 2015 (2) TMI 400 - AT
  259. 2014 (11) TMI 175 - AT
  260. 2014 (11) TMI 341 - AT
  261. 2015 (10) TMI 69 - AT
  262. 2014 (11) TMI 1 - AT
  263. 2015 (7) TMI 70 - AT
  264. 2015 (10) TMI 388 - AT
  265. 2014 (11) TMI 282 - AT
  266. 2014 (9) TMI 1017 - AT
  267. 2014 (9) TMI 1020 - AT
  268. 2014 (10) TMI 738 - AT
  269. 2015 (7) TMI 69 - AT
  270. 2014 (9) TMI 1016 - AT
  271. 2014 (10) TMI 324 - AT
  272. 2014 (9) TMI 1000 - AT
  273. 2014 (8) TMI 1161 - AT
  274. 2015 (9) TMI 323 - AT
  275. 2014 (12) TMI 209 - AT
  276. 2014 (11) TMI 438 - AT
  277. 2014 (8) TMI 1069 - AT
  278. 2014 (11) TMI 8 - AT
  279. 2015 (10) TMI 729 - AT
  280. 2014 (8) TMI 1158 - AT
  281. 2015 (10) TMI 802 - AT
  282. 2015 (10) TMI 794 - AT
  283. 2015 (3) TMI 185 - AT
  284. 2014 (9) TMI 194 - AT
  285. 2015 (3) TMI 670 - AT
  286. 2014 (7) TMI 798 - AT
  287. 2014 (7) TMI 516 - AT
  288. 2014 (6) TMI 987 - AT
  289. 2015 (4) TMI 148 - AT
  290. 2015 (10) TMI 1381 - AT
  291. 2014 (7) TMI 512 - AT
  292. 2014 (7) TMI 637 - AT
  293. 2014 (6) TMI 400 - AT
  294. 2014 (5) TMI 1074 - AT
  295. 2014 (5) TMI 1140 - AT
  296. 2014 (9) TMI 157 - AT
  297. 2014 (4) TMI 1137 - AT
  298. 2014 (4) TMI 1250 - AT
  299. 2014 (4) TMI 1229 - AT
  300. 2014 (4) TMI 1118 - AT
  301. 2014 (5) TMI 993 - AT
  302. 2014 (5) TMI 931 - AT
  303. 2014 (4) TMI 1143 - AT
  304. 2014 (4) TMI 1159 - AT
  305. 2014 (9) TMI 193 - AT
  306. 2014 (3) TMI 1187 - AT
  307. 2014 (3) TMI 892 - AT
  308. 2014 (3) TMI 720 - AT
  309. 2014 (5) TMI 45 - AT
  310. 2014 (4) TMI 904 - AT
  311. 2014 (3) TMI 928 - AT
  312. 2015 (4) TMI 255 - AT
  313. 2015 (1) TMI 47 - AT
  314. 2014 (7) TMI 501 - AT
  315. 2014 (2) TMI 554 - AT
  316. 2015 (3) TMI 770 - AT
  317. 2014 (1) TMI 242 - AT
  318. 2014 (1) TMI 127 - AT
  319. 2013 (12) TMI 1505 - AT
  320. 2014 (1) TMI 343 - AT
  321. 2013 (12) TMI 1537 - AT
  322. 2013 (12) TMI 67 - AT
  323. 2013 (11) TMI 1647 - AT
  324. 2013 (12) TMI 595 - AT
  325. 2013 (12) TMI 5 - AT
  326. 2013 (11) TMI 1786 - AT
  327. 2013 (11) TMI 1619 - AT
  328. 2013 (11) TMI 1695 - AT
  329. 2013 (11) TMI 966 - AT
  330. 2013 (12) TMI 778 - AT
  331. 2014 (4) TMI 199 - AT
  332. 2013 (11) TMI 1243 - AT
  333. 2014 (4) TMI 110 - AT
  334. 2013 (10) TMI 702 - AT
  335. 2013 (10) TMI 279 - AT
  336. 2015 (8) TMI 160 - AT
  337. 2013 (9) TMI 1083 - AT
  338. 2013 (9) TMI 1090 - AT
  339. 2015 (4) TMI 616 - AT
  340. 2014 (12) TMI 613 - AT
  341. 2013 (9) TMI 297 - AT
  342. 2013 (11) TMI 309 - AT
  343. 2014 (2) TMI 603 - AT
  344. 2013 (8) TMI 980 - AT
  345. 2014 (1) TMI 1330 - AT
  346. 2013 (12) TMI 865 - AT
  347. 2014 (1) TMI 1298 - AT
  348. 2013 (7) TMI 963 - AT
  349. 2014 (1) TMI 1283 - AT
  350. 2014 (1) TMI 950 - AT
  351. 2013 (7) TMI 965 - AT
  352. 2013 (7) TMI 1057 - AT
  353. 2014 (2) TMI 222 - AT
  354. 2013 (6) TMI 895 - AT
  355. 2013 (6) TMI 740 - AT
  356. 2013 (6) TMI 884 - AT
  357. 2013 (8) TMI 57 - AT
  358. 2013 (6) TMI 357 - AT
  359. 2013 (6) TMI 721 - AT
  360. 2013 (5) TMI 949 - AT
  361. 2013 (5) TMI 894 - AT
  362. 2013 (5) TMI 940 - AT
  363. 2014 (1) TMI 250 - AT
  364. 2013 (7) TMI 252 - AT
  365. 2013 (9) TMI 226 - AT
  366. 2013 (4) TMI 984 - AT
  367. 2013 (4) TMI 805 - AT
  368. 2013 (3) TMI 670 - AT
  369. 2013 (11) TMI 1322 - AT
  370. 2013 (11) TMI 1321 - AT
  371. 2013 (4) TMI 343 - AT
  372. 2013 (11) TMI 1278 - AT
  373. 2014 (1) TMI 391 - AT
  374. 2013 (12) TMI 411 - AT
  375. 2013 (1) TMI 791 - AT
  376. 2013 (1) TMI 1044 - AT
  377. 2013 (1) TMI 623 - AT
  378. 2013 (11) TMI 161 - AT
  379. 2013 (1) TMI 849 - AT
  380. 2014 (6) TMI 595 - AT
  381. 2013 (9) TMI 367 - AT
  382. 2013 (2) TMI 15 - AT
  383. 2012 (12) TMI 1077 - AT
  384. 2013 (2) TMI 71 - AT
  385. 2013 (2) TMI 373 - AT
  386. 2013 (2) TMI 14 - AT
  387. 2012 (12) TMI 1046 - AT
  388. 2012 (12) TMI 1059 - AT
  389. 2014 (2) TMI 138 - AT
  390. 2013 (1) TMI 419 - AT
  391. 2012 (11) TMI 1149 - AT
  392. 2012 (11) TMI 1163 - AT
  393. 2013 (1) TMI 567 - AT
  394. 2013 (2) TMI 12 - AT
  395. 2013 (11) TMI 142 - AT
  396. 2013 (2) TMI 551 - AT
  397. 2012 (10) TMI 1057 - AT
  398. 2012 (10) TMI 1038 - AT
  399. 2012 (10) TMI 1086 - AT
  400. 2012 (11) TMI 228 - AT
  401. 2012 (11) TMI 471 - AT
  402. 2012 (11) TMI 421 - AT
  403. 2012 (11) TMI 319 - AT
  404. 2013 (11) TMI 134 - AT
  405. 2013 (9) TMI 635 - AT
  406. 2012 (11) TMI 903 - AT
  407. 2012 (9) TMI 987 - AT
  408. 2012 (9) TMI 996 - AT
  409. 2012 (11) TMI 513 - AT
  410. 2012 (12) TMI 892 - AT
  411. 2012 (12) TMI 238 - AT
  412. 2013 (2) TMI 263 - AT
  413. 2013 (2) TMI 261 - AT
  414. 2013 (2) TMI 259 - AT
  415. 2013 (1) TMI 459 - AT
  416. 2012 (9) TMI 960 - AT
  417. 2012 (9) TMI 335 - AT
  418. 2012 (8) TMI 1232 - AT
  419. 2012 (8) TMI 1102 - AT
  420. 2013 (2) TMI 372 - AT
  421. 2012 (9) TMI 734 - AT
  422. 2012 (9) TMI 731 - AT
  423. 2012 (11) TMI 626 - AT
  424. 2012 (11) TMI 758 - AT
  425. 2012 (11) TMI 712 - AT
  426. 2012 (11) TMI 620 - AT
  427. 2012 (12) TMI 483 - AT
  428. 2012 (12) TMI 527 - AT
  429. 2012 (7) TMI 943 - AT
  430. 2012 (12) TMI 623 - AT
  431. 2012 (10) TMI 748 - AT
  432. 2012 (10) TMI 435 - AT
  433. 2012 (10) TMI 279 - AT
  434. 2012 (10) TMI 472 - AT
  435. 2012 (9) TMI 717 - AT
  436. 2012 (9) TMI 716 - AT
  437. 2012 (9) TMI 545 - AT
  438. 2012 (7) TMI 942 - AT
  439. 2012 (10) TMI 468 - AT
  440. 2012 (9) TMI 399 - AT
  441. 2012 (9) TMI 680 - AT
  442. 2012 (8) TMI 489 - AT
  443. 2012 (6) TMI 813 - AT
  444. 2012 (8) TMI 480 - AT
  445. 2012 (9) TMI 320 - AT
  446. 2012 (9) TMI 316 - AT
  447. 2012 (8) TMI 591 - AT
  448. 2012 (8) TMI 334 - AT
  449. 2012 (9) TMI 575 - AT
  450. 2012 (8) TMI 585 - AT
  451. 2012 (9) TMI 249 - AT
  452. 2012 (9) TMI 219 - AT
  453. 2012 (8) TMI 649 - AT
  454. 2012 (6) TMI 835 - AT
  455. 2012 (9) TMI 124 - AT
  456. 2012 (8) TMI 122 - AT
  457. 2012 (8) TMI 121 - AT
  458. 2012 (7) TMI 187 - AT
  459. 2012 (9) TMI 613 - AT
  460. 2012 (9) TMI 86 - AT
  461. 2012 (9) TMI 60 - AT
  462. 2012 (11) TMI 222 - AT
  463. 2012 (12) TMI 755 - AT
  464. 2012 (7) TMI 304 - AT
  465. 2012 (7) TMI 99 - AT
  466. 2012 (7) TMI 69 - AT
  467. 2012 (6) TMI 61 - AT
  468. 2012 (7) TMI 270 - AT
  469. 2012 (7) TMI 297 - AT
  470. 2012 (8) TMI 10 - AT
  471. 2012 (7) TMI 614 - AT
  472. 2012 (7) TMI 458 - AT
  473. 2012 (5) TMI 734 - AT
  474. 2012 (12) TMI 243 - AT
  475. 2012 (11) TMI 90 - AT
  476. 2012 (5) TMI 620 - AT
  477. 2012 (7) TMI 173 - AT
  478. 2012 (5) TMI 715 - AT
  479. 2013 (8) TMI 380 - AT
  480. 2013 (9) TMI 519 - AT
  481. 2012 (4) TMI 655 - AT
  482. 2012 (4) TMI 607 - AT
  483. 2012 (8) TMI 219 - AT
Issues Involved:
1. Applicability of Section 40(a)(ia) of the Income Tax Act to amounts paid versus amounts payable.
2. Interpretation of the term "payable" in Section 40(a)(ia).
3. Legislative intent behind Section 40(a)(ia).
4. Impact of non-deduction of TDS on disallowance of expenses.
5. Judicial interpretation and precedents regarding Section 40(a)(ia).

Detailed Analysis:

1. Applicability of Section 40(a)(ia) of the Income Tax Act to amounts paid versus amounts payable:
The core issue in this appeal revolves around whether Section 40(a)(ia) can be invoked to disallow expenses that were actually paid during the financial year without TDS or if it applies solely to amounts that remained payable as of the balance sheet date. The special bench constituted to address this question concluded in favor of the assessee, determining that Section 40(a)(ia) applies only to amounts payable as of 31st March each year and not to amounts already paid during the year.

2. Interpretation of the term "payable" in Section 40(a)(ia):
The majority view held that the word "payable" should be given its natural meaning, implying that Section 40(a)(ia) is applicable only to expenses outstanding as of the end of the financial year. The term "payable" was distinguished from "paid," and it was emphasized that the legislative intent was clear in using "payable" to exclude amounts already paid.

3. Legislative intent behind Section 40(a)(ia):
The legislative history and the amendments to the Finance Bill were scrutinized. Initially, the Bill included the terms "credited" or "paid," but these were replaced with "payable" in the final enactment. This change was interpreted as a deliberate legislative decision to target only amounts outstanding as of the balance sheet date. The legislative intent was to ensure compliance with TDS provisions without causing undue hardship by disallowing expenses already paid.

4. Impact of non-deduction of TDS on disallowance of expenses:
The assessee argued that disallowance should not apply to amounts paid without TDS during the financial year, as the primary objective of Section 40(a)(ia) was to ensure TDS compliance. The Tribunal agreed, noting that the provision was not intended to penalize genuine business expenses already paid. The proviso to Section 40(a)(ia) allows for the deduction of such expenses in subsequent years if TDS is eventually paid, reinforcing the view that the section targets unpaid amounts.

5. Judicial interpretation and precedents regarding Section 40(a)(ia):
The Tribunal referenced various judicial interpretations, including the decisions in Teja Constructions and Jaipur Vidyut Vitaran Nigam Ltd., which supported the view that "payable" refers to amounts outstanding as of the balance sheet date. The Tribunal also considered the decision of the Hon'ble Madras High Court in Tube Investments of India Ltd., which upheld the constitutional validity of Section 40(a)(ia) but did not specifically address the "paid" versus "payable" issue.

Conclusion:
The Tribunal concluded that Section 40(a)(ia) of the Income Tax Act applies only to amounts payable as of 31st March of each financial year and not to amounts already paid during the year without TDS. Consequently, the disallowance was reduced to Rs. 1,78,025, the amount outstanding as of 31st March 2005, and the appeal of the assessee was allowed. The decision emphasized the importance of interpreting tax provisions in light of their legislative intent and the practical implications for taxpayers.

 

 

 

 

Quick Updates:Latest Updates