Procedural lapse in filing Form 26Q cannot justify a disallowance u/s 40(a)(ia)

Royal Impex Vs DCIT (ITAT Chennai) ITAT directs AO to reconsider Rs.80.65 lakh transport expenses disallowed u/s 40(a)(ia), holding substantive compliance under Sec.194C(6) prevails over procedural lapse under Sec.194C(7). A procedural lapse in filing Form 26Q cannot justify a disallowance u/s 40(a)(ia). ITAT Reinforces Distinction Between Substantive and Procedural TDS Rules The Income Tax Appellate Tribunal (ITAT), Chennai Bench, has delivered a significant ruling in the case of Royal Impex Vs DCIT, reinforcing the legal distinction between substantive compliance and procedural reporting un...