Case Law Details
Case Name : Pramod Lele Vs ITO (ITAT Mumbai)
Related Assessment Year : 2015-16
Courts :
All ITAT ITAT Mumbai
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Pramod Lele Vs ITO (ITAT Mumbai)
1. The expression ‘Technical Consultancy’ would only mean rendering of technical services by assessee. In our considered opinion, the expression ‘Management Consultancy’ could not be brought within the ambit of “technical consultancy”.
2. Hence, we hold that the provisions of Section 44AA(1) of the Act cannot be made applicable to the assessee in the instant case. Hence, assessee is not liable for getting its accounts tax audited u/s.44AB.
3. The assessee had entertained the bonafide plea that the receipts earned by him for rendering...
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Author Bio
Dear Jatin,
Based on your analysis, Proprietors (Management or Business Consultants) who are wrongly Tax Audited in past, treated them as Technical Consultants, should surrender there TAN numbers to get rid of TDS compliance if business income never crossed 1 Crores (or 5 crores if No/5% cash transactions) turnover limit till date?
what you suggest?
please comment.
Tx
Jitender