Disallowance of expenditure incurred on account of LFR - Non ...

Expenditure Disallowance Overturned Due to Non-Deduction of TDS; Assessee Wins u/s 40(a)(ia) Proviso.

March 14, 2022

Case Laws Income Tax AT

Disallowance of expenditure incurred on account of LFR - Non deduction of TDS - Disallowance u/s 40(a)(ia) - There can be question of suspecting that the BPCL did not include such rental income from the assessee in its return of income. It is, therefore, held that the case of the assessee is covered by second proviso to section 40(a)(ia) and hence the disallowance made cannot be sustained. - AT

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Disallowance of expenditure incurred on account of LFR - Non ...

Expenditure Disallowance Overturned Due to Non-Deduction of TDS; Assessee Wins u/s 40(a)(ia) Proviso.

March 14, 2022

Case Laws Income Tax AT

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