No TDS on reimbursement of interest paid by a partner on behalf of firm

Pramukh Metal Quarry Vs ITO (ITAT Ahmedabad) The appeal before Income Tax Appellate Tribunal, Ahmedabad concerned Assessment Year 2008–09 and arose from an order dated 31 January 2024 passed by the Addl./JCIT(A), Visakhapatnam. The assessee challenged both the legality of the reassessment proceedings initiated under sections 147/148 of the Income Tax Act and multiple disallowances confirmed on merits. On legality, the assessee contended that the reopening was invalid as it was based on proceedings of another assessment year, amounted to a change of opinion, lacked fresh material indicating ...