AdvertisementBajaj Auto Limited Vs DCIT (ITAT Mumbai) The Income Tax Appellate Tribunal (ITAT), Mumbai, considered the assessee’s appeal against the order of the Commissioner of Income Tax (Appeals)/National Faceless Appeal Centre (NFAC) for Assessment Year 2021-22 concerning disallowance under Section 40(a)(ia) of the Income Tax Act, 1961 for alleged failure to deduct tax at source under Section 194H. The assessee, engaged in the manufacture of automobiles, commercial vehicles and distribution of automobile spare parts, had claimed expenditure relating to target discounts, consistency discounts and ...