The Assessing Officer made a disallowance under section\u00a040(a)(i)\u00a0of the\u00a0Income-tax Act, 1961\u00a0in respect of supplementary rent towards use of aircraft body, usage of life limited parts of auxiliary power unit and parts of engine, for failure to deduct tax at source, taking the view that as the payments were not covered by the approval of Central Board of Direct Taxes under section\u00a010(15A)\u00a0of the Act, the assessee was bound to deduct tax at source thereon. The Commissioner (Appeals) affirmed the disallowance, but in orders under section\u00a0154, reversed it, holding that the payment of supplementary lease rent under lease agreements entered into before March 31, 2007 was exempt under section\u00a010(15A)\u00a0of the Act and no disallowance under section\u00a040(a)(i)\u00a0of the Act was warranted, and that for AY. 2007-08 the Tribunal had deleted the addition under section\u00a040(a)(i)\u00a0and the High Court had dismissed the Department’s appeal the reagainst. On appeal, held, that there was a mistake apparent from records which the Commissioner (Appeals) had rightly rectified under section\u00a0154\u00a0of the Act. (AY. 2013-14, 2014-15)<\/p>\n","protected":false},"excerpt":{"rendered":"
S. 154 : Rectification of mistake-Deduction of tax at source-Aircraft lease-Order of High Courts-Tribunal for earlier year holding payment exempt and High Court dismissing Department\u2019s appeal-Order of CIT(A) allowing the rectification order is held to be justified. [S. 10(15A), 40(a)(i), 250] <\/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-29694","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-7IW","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/29694","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=29694"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/29694\/revisions"}],"predecessor-version":[{"id":29695,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/29694\/revisions\/29695"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=29694"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=29694"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=29694"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}