Initiation of revision proceedings u/s. 263 unsustainable as matter already pending before CIT(A)

IREO Private Limited Vs CIT (TDS)-1 (ITAT Delhi)

ITAT Delhi held that issue relating to deduction of TDS in case of payment of External Development Charges [EDC] is already pending before CIT(A) hence initiation of proceedings under section 263 of the Income Tax Act is unsustainable in law and hence liable to be quashed.

Facts- The issue involved in the present appeal relates to deduction of TDS in case of payment of External Development Charges [EDC]. Notably, TDS was not deducted by the assessee.

CIT (TDS), Delhi-1 on examination of records of the p

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