Assessee can not be deemed ‘Assessee in Default’ for year-end Provisions reversed in next year

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 ...