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2016 (4) TMI 164 - AT - Income TaxTDS liability - the provisions were made at the year end is reversed in the beginning of the next accounting year - Held that:- it cannot be said that income had accrued in the hands of the payee. - there was no liability in the hands of the assessee company to deduct TDS, merely on the provisions made at the year end. Hence, the assessee company cannot be treated as ‘assessee in default’ for not deducting tax at source - Decided in favour of assessee
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