Case Law Details
Country Club Hospitality & Holidays Limited Vs ACIT (ITAT Hyderabad)
ITAT Hyderabad directed the Assessing Officer to reexamine the linkage between instances of Tax Deduction at Source (TDS) deduction and unconsumed challans in the case of Country Club Hospitality & Holidays Limited. The tribunal ruled that there was no evidence linking the two and set aside the order of the Commissioner of Income Tax (Appeals).
ITAT set aside the order of the learned CIT(A) and restore the issue to the file of the learned Assessing Officer to verify the correction statement of TDS linking the unconsumed challan with the instances of TDS deduction, giving an opportunity to the assessee.
The ITAT’s decision provides an opportunity for the assessee to verify the correction statement of TDS and potentially avoid the imposition of interest.
FULL TEXT OF THE ORDER OF ITAT HYDERABAD
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