[aaykarbhavan] No re-assessment as mismatch in amount recognized in P&L account and Form 16A was already examined in assessment

 

No re-assessment as mismatch in amount recognized in P&L account and Form 16A was already examined in assessment

May 14, 2015[2015] 57 taxmann.com 9 (Delhi)

IT : Where in original assessment Assessing Officer was satisfied with assessee's explanation about difference between receipts shown in profit and loss account and Form 16A, reopening of assessment was not proper

IT : Payments made by assessee to its own employees were not liable to TDS as provided by section 40(a)(ia); reopening of assessment to disallow such payments under section 40(a)(ia) could not be sustained

Regards

Prarthana Jalan

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

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