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![Depreciation being Statutory Allowance can’t be disallowed by invoking S. 40(a)(ia): ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/08/Depreciation-Taxscan.jpg "Depreciation being Statutory Allowance can’t be disallowed by invoking S. 40(a)(ia): ITAT [Read Order]")
Depreciation being Statutory Allowance can’t be disallowed by invoking S. 40(a)(ia): ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Mumbai bench has held that the depreciation, being a statutory allowance cannot be disallowed by invoking...
![No disallowance u/s 40(a)(i) can be made in respect of Payment of Management Charges: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/04/Service-Tax-Taxscan.jpg "No disallowance u/s 40(a)(i) can be made in respect of Payment of Management Charges: ITAT [Read Order]")
![Ss. 194C(6) and 194C(7) are Independent Provisions and can’t be read together to attract Disallowance u/s 40(a)(ia): ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/07/ITAT-Tax-Scan.jpg "Ss. 194C(6) and 194C(7) are Independent Provisions and can’t be read together to attract Disallowance u/s 40(a)(ia): ITAT [Read Order]")
![TDS not applicable to Off-Transactions: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/03/TDS-Taxscan.jpg "TDS not applicable to Off-Transactions: ITAT [Read Order]")
![Disallowance u/s 40(1) can’t be made in case of Old Creditors: Delhi HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2016/06/Delhi-High-Court-Tax-Scan-1.jpg "Disallowance u/s 40(1) can’t be made in case of Old Creditors: Delhi HC [Read Judgment]")