No TDS liability arise on mere passing of book entry which gets reversed subsequently

Delhi High Court held In the case of DIT Vs. M/s Ericsson Communications Ltd. that mere passing of the book entries, which are reversed, would not give rise to an obligation to deduct TDS by the Assessee, as clearly, there is no debt that can be said to be acknowledged by the Assessee. Imposition of an obligation to deduct TDS in these circumstances would amount to enforcing payments from one person towards a tax liability of another, even where the person does not doe

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