Disallowance Under Section 40(a)(ia) valid for Non-TDS on NBFC Interest

By Editor Income Tax Judiciary September 9, 2023

Case Name: Sanjay Bajpai Builders Private Limited Vs ACIT (ITAT Raipur)
Appeal Number: Only available for paid members
Date of Judgement/Order: Only available for paid members
Related Assessment Year: 2015-16
Courts: All ITAT, ITAT Raipur

Upgrade to Basic or Premium to download.

Already Upgraded? Log in.

Advertisement Sanjay Bajpai Builders Private Limited Vs ACIT (ITAT Raipur) Introduction: The recent judgment in the case of Sanjay Bajpai Builders Private Limited Vs ACIT (ITAT Raipur) throws light on an important tax provision, Section 40(a)(ia) of the Income Tax Act. The case involves the assessee’s failure to deduct Tax at Source (TDS) on interest payments to Non-Banking Financial Companies (NBFCs). This article provides a detailed analysis of the case and its implications. The Context and Importance of Section 40(a)(ia): Section 40(a)(ia) of the Income Tax Act, 1961, disallows cer...

This is premium content. Please become a Premium member. If you are already a member, login here to access the full content.