S. 40(a)(iii): No specified period for TDS deposit in claiming salary expenses

Brief of the Case

Delhi High Court held In the case of ANZ Grindlays Bank Ltd. vs. DCIT that absence of a provision similar to sec. 40(a) (i) does not mean that the Assessee would also be disentitled to claim deduction on account of salaries in the year to which such expenses pertained even though the Assessee has subsequently discharged its obligation to deposit the tax. In our view, this added condition that the tax must be deducted and paid within time, cannot be read in Section 40(a) (iii). The plai

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