The Assessing Officer disallowed the rent paid to various parties for failure to deduct tax at source. The assessee contended that all payments were made below amount of Rs. 1.20 lakhs and, therefore, tax was not deducted. Matter is remanded to the Assessing Officer for verification. (AY. 2011-12)
Vardhman Shipping (P.) Ltd. v. (2022) 197 ITD 250 / 98 ITR 3 (SN) (Ahd.)(Trib.)
S. 40(a)(ia) : Amounts not deductible-Deduction at source-Rent paid to various parties-Less than Rs. 1,20,000 to each party-Remanded to the Assessing Officer for verification. [S. 194I]