Home Case Index All Cases Income Tax Income Tax + AT Income Tax - 2023 (4) TMI AT This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2023 (4) TMI 632 - ITAT HYDERABADTDS provision applicability - Addition being 30% of the amount of interest paid to various depositors by invoking the provisions of section 40(a)(ia) - grievance of the assessee is that it has not been allowed sufficient opportunity to substantiate its case before the lower authorities - HELD THAT:- Considering the totality of the facts of the case and in the interest of justice, we deem it proper to restore the issue to the file of the Assessing Officer with a direction to grant one last opportunity to the assessee to prove that the TDS has been deducted from the interest amount or that the TDS provisions are not applicable. AO shall decide the issue as per fact and law after affording due opportunity of being heard to the assessee. Grounds raised by the assessee are accordingly allowed for statistical purposes.
|