Expense can’t be disallowed for Wrong Statement given by truck owner

Shri Anil Khandelwal Vs ITO (ITAT Indor)

Once the condition of further proviso of Section 194C(3) of the Act are satisfied, the liability of the payee to deduct tax at source would cease. Examining the facts of the instant appeal we find that the assessee received Form 15I from the truck owner namely Shri K

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