Section 194C TDS Cannot Create Tax Liability on Dissolved Firm if Receipts Already Offered to Tax

Assam Logistics Vs ITO (ITAT Delhi) The Income Tax Appellate Tribunal Delhi allowed the appeal filed against the order of the Commissioner of Income Tax (Appeals), NFAC, concerning additions made in the hands of a dissolved partnership firm for Assessment Year 2017-18. The dispute arose after the Assessing Officer reopened the assessment under Sections 147 and 144 of the Income Tax Act on the basis that contractual receipts of ₹18.37 crore from Maruti Suzuki Ltd., along with interest income of ₹75,723, were reflected in the PAN of the erstwhile partnership firm and no return of income had ...