Home Case Index All Cases Income Tax Income Tax + AT Income Tax - 2015 (10) TMI AT This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2015 (10) TMI 305 - AT - Income TaxRevision u/s 263 - payment of hire charges on mixtures and rollers - Held that:- Adverting to the facts of the given case, we are convinced that this case was selected for scrutiny under CASS (Scheme) for a limited purpose. However, he has made his order u/s 143(3) after making necessary enquiries and investigation. The A.O. has taken one of the two possible view regarding TDS provisions. When the A.O. adopted one of the possible views, his order does not suffer from any error. Therefore, in view of the essence of precedents on the issue of revision u/s 263, the twin conditions – the order is erroneous and prejudicial to the interest of revenue, don’t co-exist in this case. Accordingly, we set aside the impugned revisional order and restore the assessment order. - Decided in favour of assessee.
|