The tribunal took the view that the addition made was only on the basis of the discrepancy in the TDS Certificate and not on the…
View More Addition not justified merely on the basis of discrepancy in TDS certificateDay: January 14, 2013
Credit is to be allowed in respect of TDS made on higher amount of reimbursement than actually offered to tax
Undisputedly, the assessee company earned income of Rs. 4,65,00,000/- only by way of Engineering fees. Another amount of Rs 4,65,00,000/- had been received as tooling…
View More Credit is to be allowed in respect of TDS made on higher amount of reimbursement than actually offered to taxNo addition for difference in income as per profit and loss account & TDS certificate
Admittedly, as per TDS certificate issued by Mysore Breweries Limited, the total reimbursement made to the assessee as per their newly arrangement was Rs. 3,35,85,000/-.…
View More No addition for difference in income as per profit and loss account & TDS certificate