2013 (8) TMI 288 - HC - Income Tax

Expenditure u/s 40(a)(ia) - Disallowance due to non deduction of TDS - Tribunal 2012 (4) TMI 290 - ITAT VISAKHAPATNAM held that the provisions of section 40(a)(ia) applies only to that expenditure which is payable as of 31st March and not to the expenditure which has already been paid during the year itself - Held that - Decision of Tribunal stayed - Decided in favour of Revenue.

Summary

The High Court of Andhra Pradesh issued an order to suspend the operation of an order passed by the Income Tax Appellate Tribunal, Visakhapatnam Bench, pending an appeal for the Assessment Year 2005-2006. The Court directed notice to be issued to the Respondent and made an interim suspension order.