Revision u/s 263 - there was no error in the order of the AO ...

Assessing Officer's decision upheld as no TDS error found; PCIT's revision order set aside due to Tax Audit Report terminology.

November 9, 2023

Case Laws Income Tax AT

Revision u/s 263 - there was no error in the order of the AO vis-à-vis the issue of the assessee having not deducted tax at source on any alleged granules work payment made to its related parties warranting disallowance of expenses @ 30% - PCIT surely was misguided by the incorrect words used by the Tax Auditor in the Tax Audit Report - Revision order set aside - AT

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Revision u/s 263 - there was no error in the order of the AO ...

Assessing Officer's decision upheld as no TDS error found; PCIT's revision order set aside due to Tax Audit Report terminology.

November 9, 2023

Case Laws Income Tax AT

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