Only 30% Disallowance Permissible Under Amended Section 40(a)(ia) for non deduction of TDS

Vinit Vishwasrao Hingankar Vs ACIT (ITAT Nagpur)

The assessee, a medical professional, filed an appeal challenging an order dated 13 January 2025 issued by the Additional/Joint Commissioner of Income Tax (Appeals), Bhubaneswar, under sections 143(3) and 250 of the Income Tax Act for the assessment year 2015–16. The two issues raised concerned the disallowance of interest under section 40(a)(ia) for non-deduction of tax at source under section 194A and the addition of estimated interest income on interest-free advances given to friends and relatives.

The assessee had filed

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