Applicability of TDS provisions in respect of provision for ...

Voluntary Expense Disallowance Doesn't Make Assessee a Defaulter; No Interest Imposed Under Income Tax Act.

January 19, 2024

Case Laws Income Tax AT

Applicability of TDS provisions in respect of provision for expenses made at the end of the year - Merely because the assessee had voluntarily disallowed the expenses u/s 40(a)(ia) of the Act in the return, the same would not automatically enable the ld. AO to treat it as "assessee in default" u/s 201(1) of the Act and consequentially levy interest u/s 201(1A) of the Act. - AT

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Applicability of TDS provisions in respect of provision for ...

Voluntary Expense Disallowance Doesn't Make Assessee a Defaulter; No Interest Imposed Under Income Tax Act.

January 19, 2024

Case Laws Income Tax AT

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