This is premium content. Please become a Premium member. If you are already a member, login here to access the full content.
Disallowance u/s 40(a)(ia) unsustainable as TDS not deductible on bank commission
Case Law Details
- Case Name
- DCIT Vs Sareen Sports Industries (ITAT Delhi)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2011-12
- Courts
- All ITAT, ITAT Delhi
Upgrade to Basic or Premium to download.
Already Upgraded? Log in.
DCIT Vs Sareen Sports Industries (ITAT Delhi)
ITAT Delhi held that TDS provisions are not applicable in case of commission paid to bank and commission paid to partners. Accordingly, disallowance u/s 40(a)(ia) unsustainable.
Facts-
In course of assessment proceedings, while examining the audited financial statement of the assessee, the assessing officer found that a total credit balance of Rs.19,67,12,224 has been shown in the balance sheet. After calling for and examining the necessary details, the assessing officer observed that assessee could furnish details and confirmation in respect of su...
Author Info
