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Assessee can not be deemed ‘Assessee in Default’ for year-end Provisions reversed in next year
Case Law Details
- Case Name
- Artemis Medicare Services Limited Vs ACIT (ITAT Delhi)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2014-15
- Courts
- All ITAT, ITAT Delhi
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Artemis Medicare Services Limited Vs ACIT (ITAT Delhi)
Assessee can not be Deemed ‘Assessee in Default’ for year-end Provisions reversed in next year
The ITAT, in this case held that the assessee cannot be treated as an ‘assessee in default’ u/s 201(1) merely for making year-end provisions where the payees were unidentifiable, and the provisions were reversed in the subsequent year.
Background:
The case arose from alleged defaults identified during TDS verification u/s 201(1)/201(1A), based on Form 3CD.
AO held the assessee liable for non-deduction of TDS on ₹2 crore of ...
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