2 results for “section 68”+ Section 275(1)(c)clear
Sorted by relevance
In the result the appeal of the Revenue is allowed and the Cross
Bench: Sri Manomohan Das & Sri Rakesh Mishra
68,772/- but AO after allowing 50% reduction on account of possibility of payments below the statutory limit for deducting TDS, adopted Rs.85,78,34,386/ -liable for disallowance of 30% u/s 40(a)(ia) and accordingly made disallowance of Rs.25,73,50,316/-. However, I find from the submission of the appellant that certain amounts were not liable