[aaykarbhavan] Sum paid to NR without deduction of tax won't invite sec. 40(a)(i) disallowance if such sum was capitalized

Sum paid to NR without deduction of tax won't invite sec. 40(a)(i) disallowance if such sum was capitalized

November 8, 2014[2014] 49 taxmann.com 580 (Cochin - Trib.)

IT : Where assessee had not claimed payment made to non-resident for providing engineering site services as expenditure but capitalised same and claimed only depreciation thereon, no disallowance could be made under section 40(a)(i)

IT : Contribution to staff welfare account was to be allowed as expenditure

 

Regards

Prarthana Jalan

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Posted by: Prarthana Jalan <prarthanajalan@ymail.com>

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