Monday, 29 December 2014

Ad-hoc sec. 40(a)(ia) disallowance made as books didn't show true state of affairs on job charges pa

IT : Where assessee's books of account did not reflect correct state of affairs in respect of job charges paid to sister concern without deducting tax at source, an ad hoc disallowance of Rs. 20 lakh was to be made by invoking provisions of section 194C to meet ends of justice


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