Sponsored
    Follow Us:

Case Law Details

Case Name : APL Logistics Vascor Automotive Private Limited Vs AO (ITAT Delhi)
Appeal Number : ITA No.2070/Del/2023
Date of Judgement/Order : 14/05/2024
Related Assessment Year : 2016-17
Become a Premium member to Download. If you are already a Premium member, Login here to access.
Sponsored

APL Logistics Vascor Automotive Private Limited Vs AO (ITAT Delhi)

In the case of APL Logistics Vascor Automotive Private Limited Vs AO (ITAT Delhi), the dispute centered on various additions made by the Assessing Officer (AO) during scrutiny under section 143(2) of the Income Tax Act, 1961. APL Logistics Vascor Automotive Pvt. Ltd., a joint venture specializing in third-party logistics for the automotive sector, had filed its return declaring a loss of INR 15,47,16,019. The AO identified several issues including non-deduction of TDS, discrepancies in audit reports, unverified PAN details of payees, and excess share premium under section 56(2)(viib).

The AO’s additions were contested by the assessee, arguing that:

  • Non-deduction of TDS: The assessee had already made a suo-motu addition for TDS discrepancies, which the AO had misinterpreted.
  • Please become a Premium member. If you are already a Premium member, login here to access the full content.

Sponsored

Join Taxguru’s Network for Latest updates on Income Tax, GST, Company Law, Corporate Laws and other related subjects.

2 Comments

Leave a Comment

Your email address will not be published. Required fields are marked *

Sponsored
Sponsored
Search Post by Date
July 2024
M T W T F S S
1234567
891011121314
15161718192021
22232425262728
293031