[aaykarbhavan] Sec. 263 revision was valid if AO had wrongly taken threshold limit for TDS exemption as standard deduction: HC

Sec. 263 revision was valid if AO had wrongly taken threshold limit for TDS exemption as standard deduction: HC

September 25, 2014[2014] 49 taxmann.com 144 (Calcutta)

IT : Where Assessing Officer passed assessment order taking a view that assessee was not liable to deduct tax at source under section 194C where single payment to transport contractors did not exceed Rs. 20,000, Commissioner, in exercise of revisional power, rightly set aside assessment holding that bifurcation of payments made by assessee was not permissible

 

Regards

Prarthana Jalan

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Posted by: Prarthana Jalan <prarthanajalan@ymail.com>

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