[aaykarbhavan] ITAT invoked sec. 40(a)(ia) disallowance as payment was made for labour contract work without deducting tax

ITAT invoked sec. 40(a)(ia) disallowance as payment was made for labour contract work without deducting tax

February 20, 2015[2015] 54 taxmann.com 220 (Cochin - Trib.)

IT : Where assessee had disclosed relevant particulars at time of original assessment, but they are found to be untrue on basis of material discovered by a later date by Assessing Officer, assessment would be validly re-opened section 147(a)

IT : Scope of disallowance of expenses contemplated by section 40(a)(ia) is not limited to those expenses alone which fall under sections 30-38 but covers all those expenses which are specifically enumerated in section 40

 

Regards

Prarthana Jalan

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

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