No TDS liability on year end provisions if payees not identified & provision reversed next year

Subex Limited Vs DCIT (Karnataka High Court) No withholding liability on year end provisions if payees not identified and provision reversed next year In the Judgement passed by the Karnataka High Court in case of Subex Technologies Limited, Vs DCIT, Bangalore, it was held that no TDS liability would arise on year end provisions which were reversed next year if they payees were not identified. Facts of the case: The Assessee was a Public Limited Company in the business of providing software services and development of various products for Telecommunication Industry and has filed ‘Nil...