A two-judge bench of the Bombay High Court has reiterated that the expenses in connection with the reimbursement of salary cannot be disallowed by invoking Section 40(a)(ia) of the Income Tax Act, 1961 on the ground of non-deduction of tax at source. The Assessing Officer disallowed expenses of Rs.4.33 Crore under Section 40(a)(ia) of the […]
The post Re-imbursement of Salary can’t be disallowed for Non-Deduction of Tax at Source: Bombay HC [Read Judgment] appeared first on Taxscan | Simplifying Tax Laws.
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