Tax alert: Presumptive tax provisions override disallowance provisions has been saved
Article
Tax alert: Presumptive tax provisions override disallowance provisions
16 July 2024
The Chennai Bench of the Income-tax Appellate Tribunal (ITAT) has rendered its decision that provisions of section 44BB of the Income-tax Act 1961 (ITA) [relating to presumptive taxation of non-residents engaged in certain activities] would override other provisions of the ITA, including provisions of section 40(a)(i) of the ITA [relating to disallowance for non-deduction of tax].
