Governmental authority status supports construction-service exemption, while pre-cutoff contract and stamp-duty compliance requires verification on re...
Automated Free Sale and Commerce Certificates enable paperless processing while retaining risk-based manual verification for selected exporter applica...
Employee stock-shortage penalties do not constitute consideration for services, preventing GST collection under Schedule II in employment relationship...
ITAT set aside the matter to the file of the AO, concurring with CIT(A)'s restoration but with modification directing the AO to verify and examine documents tendered by the assessee (ITR acknowledgment, computation, Form 26AS, party-wise ledgers, bank statements) and to afford a reasonable opportunity of hearing. The AO is to determine, on the basis of corroborative evidence and in accordance with law and CBDT instructions, whether the claimed TDS not reflected in Form 26AS is attributable to defaults by deductors and therefore allowable; consequential adjustment of demand or credit shall follow. The assessee may advance factual and legal contentions in the remanded proceedings; ultimate relief depends on substantiation.
ITAT set aside the matter to the file of the AO, concurring with CIT(A)'s restoration but with modification directing the AO to verify and examine documents tendered by the assessee (ITR acknowledgment, computation, Form 26AS, party-wise ledgers, bank statements) and to afford a reasonable opportunity of hearing. The AO is to determine, on the basis of corroborative evidence and in accordance with law and CBDT instructions, whether the claimed TDS not reflected in Form 26AS is attributable to defaults by deductors and therefore allowable; consequential adjustment of demand or credit shall follow. The assessee may advance factual and legal contentions in the remanded proceedings; ultimate relief depends on substantiation.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4828 
Join Channel 
