{"id":20837,"date":"2021-08-05T17:58:32","date_gmt":"2021-08-05T12:28:32","guid":{"rendered":"https:\/\/itatonline.org\/digest\/bipinchandra-hiralal-thakkar-v-ito-2021-187-itd-477-211-ttj-496-surattrib\/"},"modified":"2022-06-07T16:32:36","modified_gmt":"2022-06-07T11:02:36","slug":"bipinchandra-hiralal-thakkar-v-ito-2021-187-itd-477-211-ttj-496-surattrib","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/bipinchandra-hiralal-thakkar-v-ito-2021-187-itd-477-211-ttj-496-surattrib\/","title":{"rendered":"Bipinchandra Hiralal Thakkar v. ITO (2021) 187 ITD 477 \/ 211 TTJ 496 \/ 201 DTR 227 (Surat)(Trib.)"},"content":{"rendered":"<p>Allowing the appeal the Tribunal held that\u00a0 provisions of section 44AD overrides all other provisions contained in section 28 to 43C of the Act.\u00a0\u00a0 Since turnover\/sales of assessee for relevant assessment year was to tune of Rs. 92 lakhs approx., which was below threshold limit of one crore rupees as prescribed in section 44AD, assessee was entitled to take benefit of provisions of said section. Accordingly\u00a0 the assessee was not liable to deduct TDS on interest payments and impugned disallowance under section 40(a)(ia) was to be deleted. (AY. 2007-08)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 40(a)(ia) : Amounts not deductible-Deduction at source-Presumptive taxation  scheme-Interest-No disallowance can be made for failure to deduct tax at source. [S. 44AB, 44AD, 194A]  <\/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-20837","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-5q5","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/20837","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=20837"}],"version-history":[{"count":2,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/20837\/revisions"}],"predecessor-version":[{"id":27281,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/20837\/revisions\/27281"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=20837"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=20837"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=20837"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}