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2012 (2) TMI 322 - AT - Income TaxTDS - Held That:- When Conversion Charges and Administrative expenses were paid without any formal agreement and the actual expenses were reimbursed or shared on the basis of turnover and cost without including any profit element. Such payments are not subject to TDS under 194C. Dis allowance of Conversion charges and Administrative charges under 40A(2) - No additions by AO as entire amount is dis-allowed under 40a(ii) - Held That:- Case remanded back to CIT(A) to decide afresh. Claim for Bad debt - Held That:- Assessee has filed no evidence to show that debt have been accounted in earlier year. Even at this stage, the assessee has filed no material on record to show that the assessee has issued bills/debit notes to the party and has duly accounted for the corresponding income in the relevant A.Y. Case referred back to CIT(A).
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