TAX UPDATES: Section 40(a)(i) [Disallowance for non deduction of TDS ]is not applicable to depreciation. SAB Miller India LtdJULY 3, 2015 [2015] 63 taxmann.com 341 (Mumbai - Trib.) following SKOL Breweries (Mum Trib). Punjab and Haryana High Court in Mark Auto Industries 57/2012 dtd 08-10-12 has pronounced that 40(a)(i) is not applicable to capital expenditure.

Friday 11 December 2015

Section 40(a)(i) [Disallowance for non deduction of TDS ]is not applicable to depreciation. SAB Miller India LtdJULY 3, 2015 [2015] 63 taxmann.com 341 (Mumbai - Trib.) following SKOL Breweries (Mum Trib). Punjab and Haryana High Court in Mark Auto Industries 57/2012 dtd 08-10-12 has pronounced that 40(a)(i) is not applicable to capital expenditure.

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