This is premium content. Please become a Premium member. If you are already a member, login here to access the full content.
Profit increased due to disallowance U/s. 40(a)(ia) is eligible for deduction U/s. 10A
Case Law Details
- Case Name
- Dy. CIT Vs. Goldman Sachs Services (P) Ltd. (ITAT Bangalore)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2009- 10
- Courts
- All ITAT, ITAT Bangalore
Upgrade to Basic or Premium to download.
Already Upgraded? Log in.
The assessing officer has made a dis-allowance under section 40(a)(ia) in the draft assessment for want of deduction of tax source in respect of the expenses which are claimed to be reimbursement towards power and fuel expenses. The assessing officer held that these expenses are incurred against the services rendered and, therefore, liable for TDS. Since the assessee did not deduct the TDS therefore the assessing officer disallowed this amount of Rs. 6,08,46,978.
Before the DRP the assessee contented that these expenses are not incurred towards any service rendered by M/s. Golflinks Software...
