Case Law Details
Case Name : Artemis Medicare Services Limited Vs ACIT (ITAT Delhi)
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
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