Date of payment of TDS on or after due date of filling return is not the ground to disallowe the deduction of the amount related to TDS
Court :
INCOME TAX APPELLATE TRIBUNAL
Brief :
The revenue has raised the following grounds of appeal:-
“1.That on the facts and in circumstances of the case the ld. CIT(A) erred in holding that once the profit is estimated after rejecting books of accounts, there is no scope for further disallowance of deduction, whereas the provisions of Section 40(a)(ia)is penal in nature and independently attracted even if income is estimated.
2. That the ld. CIT(A erred in estimating the profit from the business of the assessee relying on the rate of profit declared by the assessee without having any basis thereof.”
Citation :
I.T.O., Ward-4, Haldia (APPELLANT) Versus Sk.Mofizul Ali Purba Medinipur (PAN: ARPPS 1201 D) (RESPONDENT)
You have reached your daily limit of 2 Free Judgements
Subscribe to CCI PRO for unlimited access
Why Upgrade to CCI PRO?
- No Ads
- WhatsApp Community
- Daily E-Newsletter
- Unlimited Judgements Access
- Profile Visitors
- Link Social Profiles
- Featured Job Posts
- Pro Badge
- Expert GST Guidance
- Unlimited Forum Replies
- Download Content in PDF
Already a PRO member? Login here for an ad-free experience.
CS Bijoy
Published in Income Tax
Views : 2007
Comments
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
