{"id":17828,"date":"2021-05-10T16:01:51","date_gmt":"2021-05-10T10:31:51","guid":{"rendered":"https:\/\/itatonline.org\/digest\/kendrapara-co-operative-bank-ltd-v-acit-2020-82-itr-188-cuttacktrib\/"},"modified":"2021-05-10T16:01:51","modified_gmt":"2021-05-10T10:31:51","slug":"kendrapara-co-operative-bank-ltd-v-acit-2020-82-itr-188-cuttacktrib","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/kendrapara-co-operative-bank-ltd-v-acit-2020-82-itr-188-cuttacktrib\/","title":{"rendered":"Kendrapara Co-Operative Bank Ltd. v. ACIT (2020) 82 ITR 188 (Cuttack)(Trib.)"},"content":{"rendered":"<p>Tribunal held that the amendment brought to section\u00a040(a)(ia)\u00a0of the\u00a0Income-tax Act, 1961\u00a0by the Finance Act, 2014 with effect from April 1, 2015, made it clear that the intent of the Legislature was to reduce the hardship, and that in the case of non-deduction or non-payment of tax deduction at source on payments made to residents as specified in section\u00a040(a)(ia)\u00a0the disallowance shall be restricted to 30 per cent. of the amount of expenditure claimed. Thus the Assessing Officer was directed to restrict the disallowance to 30 per cent. made under section\u00a040(a)(ia). (AY 2011-12)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 40(a)(ia) : Amounts not deductible-Deduction at source-Failure to deduct tax at source-Disallowance is restricted to thirty percent.<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[],"class_list":["post-17828","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-4Dy","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/17828","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/comments?post=17828"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/17828\/revisions"}],"predecessor-version":[{"id":17829,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/17828\/revisions\/17829"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=17828"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=17828"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=17828"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}