No Tax payable for non-deduction of TDS when income of assessee is exempt

Bihar Combined Entrance Competitive Examination Board Vs ACIT (ITAT Patna) So far as the disallowance made by the ld. Assessing Officer under section 40(a)(ia) of the Income Tax Act is concerned, it is noted that since the income of the assessee is exempt under section 10(23C)(vi), therefore, any disallowance made under section 40(a)(ia) by the ld. Assessing Officer will only add to the income of the assessee, which otherwise is exempt under section 10(23C) as stated above. Therefore, the disallowance made by the ld. Assessing Officer will not create any tax liability of the assessee. FULL TEX...