Income Tax
In context of S.40(a)(ia) of Income - tax Act, 1961, the issue in a recent case revolved around confirming the disallowance of Rs. 1,08,59,584/- u/s 40(a)(ia) of the Income-tax Act, 1961.
It was explained that sine qua non for applicability of S.194C of Income-tax Act, 1961 is “Carrying out any Work”. Facts on record showed that no work has been carried out. Therefore, provisions of section 194C of the Act have no application.
M/s Oravel Stays Pvt Ltd v ACIT [2024] GCtR 473 (ITAT, Delhi)
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