No disallowance under Section 40(a)(ia) if payee has already paid taxes: ITAT Jaipur

Raj Auto Wheels (P) Ltd Vs JCIT (ITAT Jaipur)

Introduction: The recent case of Raj Auto Wheels (P) Ltd vs. ACIT before the Income Tax Appellate Tribunal (ITAT) in Jaipur brought to light three critical issues: Estimation of Sales, Deferred Sale, and Disallowance under Section 40(a)(ia) read with Section 194A. In a meticulous examination of these matters, the Tribunal provided nuanced rulings, shedding light on the complexities of income assessment.

1. Estimation o

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