Case Law Details
Case Name : Sahara India Financial Corpn. Ltd. Vs Addl. CIT (ITAT Delhi)
Related Assessment Year :
Courts :
All ITAT ITAT Delhi
RELEVANT PARAGRAPH
3. We have duly considered the rival contentions and gone through the records carefully. Learned Assessing Officer as well as learned CIT(Appeals) have given much emphasis on the point whether assessee has committed a default within the meaning of sec. 194-A by not deducting the TDS when interest was credited to the interest provision account, In their opinions, assessee was following mercantile system of accounting, therefore, on an accrual basis, it should have been deducted the TDS when interest was transferred to such interest provision account. The stand of the assessee...
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an assessee made payment to cargo for despatch of goods abroad. whether he is liable to deduct tds on payment made under sec 194c.
Dear Sir,
Can u please help me in am another
case of U/s 271 (1)(c),where AO charge penalty for non deduction of TDS on transportation charges paid for transportation of cement from factory to upleta.
6. The transportation is made from factory to the Upleta by various truck owners as per To pay lorry receipt. The payments made to truck owners not exceeds Rs.20000 each truck owner. However learened AO has made addition.
7. The Truck is booked from market by Ambuja Cement Company from different Transport commission agent.
8. The truck owner are changing at time of each delivery.
9. The statement of transportation charges paid to various truck owners provided truck wise during the course of assessment.
10. Learned assessing officer has added all the transportation charges paid as disallowance as paid without deduction of TDS.
Please give me suggetions that what Should our replay in the Appeal
Thanx