ITAT Mumbai Remands ₹18.76 Crore TDS Disallowance Case for Fresh Hearing

Jakhad Enterprise LLP Vs ITO (ITAT Mumbai) The Income Tax Appellate Tribunal (ITAT), Mumbai, addressed the appeal filed by the assessee, Jakhad Enterprise LLP, challenging the order of the Commissioner of Income Tax (Appeals) [CIT(A)] for the Assessment Year (A.Y.) 2023-24. I. Background and Addition The assessee filed its return of income on September 30, 2023, declaring a total income of ₹3,40,91,610/-. The case was selected for scrutiny on the issue of substantial business purchases for which no Tax Deducted at Source (TDS) was deducted under Section 194Q of the Income Tax Act. The Assess...