3 results for “disallowance”+ Section 153(5)clear
Sorted by relevance
In the result,the assessee’s appeal is allowed for statistical purposes
Bench: Shri Bhavnesh Saini & Shri Sanjay Aroraassessment Year:2014-15
section 40(a)(ia) (wrongly mentioned as s. 40(a)(i) as the payment is to a resident), for the current year only. The provision of s. 40(a)(ia), in the view of the Revenue, gets attracted for the subsequent year, enabling deduction for that year, only where a disallowance thereunder had been made for an earlier year