Disallowance u/s 40a(ia) unjustified if payee duly disclosed receipt in its return

Advertisement Umananda Rice Mill Ltd Vs ACIT (ITAT Kolkata) ITAT Kolkata held that disallowance under section 40a(ia) of the Income Tax Act for non-deduction of TDS untenable if payee has duly disclosed the receipt of the impugned payment in their return of income. Facts- The assessee has paid documentation charges consisting of freight and transportation charges of Rs. 6,24,709/- to Satyam Services on which tax was not deducted at source as required by the provisions of Section 194C of the Act. Accordingly a show cause notice was issued to the assessee as to why the disallowance should be ...