No section 40(A)(Ia) disallowance for purchase if TDS not deductible on such purchase

Sudhanshu Rastogi Vs ACIT (ITAT Lucknow)

The admitted position is that the assessee is engaged in the business of the retail trade of embroidery clothes in the name and style of Sarat Arts. The assessee is regularly maintaining its books of account and duly got the same audited under section 44AB of the Act. The assessee before us filed complete books of accounts, bills and vouchers for verification and evidences, explaining the entire transaction. The ld. Counsel for the assessee produced the trading account and profit and

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