9911796707
TMI Blog2023 (10) TMI 1410X X X X Extracts X X X X X X X X Extracts X X X X ..... ssee as well as TDS to be deducted on contract payments made to co-insurance companies before the AO AO held the assessee to be an assessee in default and raised the demand for both the assessment years. The assessee has not even filed any explanation/evidence either before the ld. CIT(A) or even before the ITAT. There was absolutely no response against the show cause notice issued by the AO u/s 201(1)/ 201(1A) of the Act. In order to meet the ends of natural justice, we are of the considered opinion that the assessee shall be afforded one more opportunity of being heard to furnish the details. Accordingly, we set aside the order of the ld. CIT(A) and remit the matter back to the file of the Assessing Officer to afford one more opportunity ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... one of the largest public sector general insurance companies of India. Survey proceedings under section 133A(2A) of the Income Tax Act, 1961 [ Act in short] has been carried out on 07.02.2019. Information pertaining to TDS matters of the organization was called for. After considering the submissions of the assessee, the Assessing Officer issued show cause notice under section 201(1) 201(1A) of the Act calling for explanation towards non-deduction of TDS for alleged medi-claim payments made on behalf of the employee by the company which was not added back to the salary of the employee as taxable perquisite and payments made to other insurance companies as co-insurance payments to discharge obligation of a co-insurance contract. However, the ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... assessee carried the matter in appeal before the ld. CIT(A). Since the assessee failed to file any written submission in support of documentary evidence, the ld. CIT(A) confirmed the order passed under section 201(1)/201(1A) of the Act for both the assessment years. 5. On being aggrieved, the assessee is in appeal before the Tribunal. When the appeals were taken up for hearing, none appeared on behalf of the assessee. Hence, we proceed to decide the appeals on merits after hearing the ld. DR. 6. We have heard the ld. DR, perused the materials available on record and gone through the orders of authorities below. In this case, the assessee could not file any evidence or explanation with regard to the TDS to be deducted towards medical insuran ..... X X X X Extracts X X X X X X X X Extracts X X X X
|
