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2014 (7) TMI 88 - AT - Income TaxDetermination of total income – Low GP ratio @ 6.6 % - trading in air conditioners (ACs) and maintenance/servicing of ACs - Non deduction of TDS amount – Held that:- Assessee contended that substantial works were carried out in March - accounts of the labour contractors were settled at the end of the year in order to close the accounts and the discrepancy found out by the AO in work expenses are not justified - It is not the case of the Department that expenses are related to non-business activity. - The AO further should have noted that non-deduction of TDS on work expenses was due to the amounts being below the limit for attracting TDS – thus, the addition of an amount of Rs. 32,13,620 made by the AO to the income returned is not justified - thus, the order of the CIT(A) is upheld – Decided against Revenue.
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