Case Law Details
Case Name : Omkara Impex & Merchandise P. Ltd. Vs. ITO (ITAT Ahemdabad)
Related Assessment Year : 2010-11
Courts :
All ITAT ITAT Ahmedabad
Become a Premium member to Download.
If you are already a Premium member, Login here to access.
The assessee in the case on hand has claimed an expense of Rs.21,62,634/- under the head interest on finance. The assessee incurred such expense without deducting TDS u/s 194A r.w.s. 40(a)(ia) of the Act. Therefore, the disallowance was made by the AO on account of non-deduction of TDS. However, the assessee before the learned CIT(A) among other things claimed that L&T Finance Ltd. had included the bill discounting charges in its income tax return. Therefore, no disallowance on account of non-deduction of TDS can be made. However, the learned CIT(A) disregarded the contention of the assess...
This is premium content. Please become a Premium member. If you are already a member, login here to access the full content.
Kindly Refer to
Privacy Policy &
Complete Terms of Use and Disclaimer.
Please confirm whether GST is applicable on Stamping Charges if we affix on bill of exchange and claim from customer by raising dr.note. pls clear the same.
regards
Baleshwar