2018 (8) TMI 768 - SCH - Income Tax

Failure to deduct TDS - Additions made u/s 40(a)(ia) - liability of the assessee under Section 201(1) being treated as an assessee in default. - Registration u/s 12AA as a charitable institution - Held that - Notice issued - Demand stayed.

Summary

The Supreme Court of India issued an order in 2018 (8) TMI 768 - SC regarding Section 40(a)(ia) of the Income Tax Act. The petitioner's argument was supported by a previous judgment in "CIT, Kolkata XII vs. M/s. Calcutta Export Company." Notice issued, returnable in six weeks, with a stay on further demand in the meantime.