Dismissing the appeal of the revenue the Court held that though the assessee has filed belated form No 26Q no disallowance could be made for failure to deduct tax at source in respect of payment to contractors . (AY. 2012-13)
CIT v. Sri Parameswari Spinning Mills (P.) Ltd. (2020) 196 DTR 206 (Mad.)(HC)
S. 40(a)(ia): Amounts not deductible – Deduction at source – Payment to contractor – Belated filing of form No 26Q- No disallowance could be made for failure to deduct tax at source [ S.194C (c)]