Provisions of S.40(a)(ia) not Applicable for Non-Deduction of TDS in Salary prior to AY 2015-2016: ITAT Deletes Disallowance [Read Order]

Applicable - Non - Deduction - TDS - Salary - ITAT - Disallowance - TAXSCAN

The Delhi Bench of Income Tax Appellate Tribunal (ITAT) has deleted the disallowance holding that the provisions of Section 40(a)(ai) of the Income Tax Act 1961 was not applicable for non-deduction of Tax Deducted at Source (TDS) in salary prior to annual year 2015-2016. The assessee,(Erstwhile) Sumaitri Bima Distributors Pvt. Ltd was a general insurance…

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