Section 40(a)(ia) Disallowance justified for failure to deduct section 194A TDS

Swaraj Builders Vs ITO (ITAT Raipur) Assessee had failed to comply with the mandate of law and had failed to deduct tax at source u/s.194A of the Act on the aforesaid amount of interest payment of Rs.7,46,025/-. Accordingly, the A.O had disallowed the amount of Rs.7,46,025/-u/s.40(a)(ia) of the Act which was thereafter, upheld by the CIT(Appeals). As nothing has been placed on record which would evidence that the view arrived at by the lower authorities is either perverse or incorrect, therefore, we are of the considered view that as no infirmity emerge from the order passed by the CIT(Appeals...