https://www.taxtmi.com/caselaws?id=267722 The court upheld the reopening of the assessment for the Assessment Year 2007-08 due to the claimed discount without TDS deduction under Section 194H. The Tribunal supported the Revenue's position, citing relevant case law. However, the issue of disallowance of the discount claimed was remitted back to the Assessing Officer for reconsideration based on differing interpretations regarding TDS applicability to discounts. The Revenue's appeal was allowed, the reopening upheld, and the assessee's cross-objection dismissed as infructuous. en-us Wed, 30 Sep 2015 00:00:00 +0530 Fri, 13 Nov 2015 15:53:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=267722 The court upheld the reopening of the assessment for the Assessment Year 2007-08 due to the claimed discount without TDS deduction under Section 194H. The Tribunal supported the Revenue's position, citing relevant case law. However, the issue of disallowance of the discount claimed was remitted back to the Assessing Officer for reconsideration based on differing interpretations regarding TDS applicability to discounts. The Revenue's appeal was allowed, the reopening upheld, and the assessee's cross-objection dismissed as infructuous. Case-Laws Income Tax Wed, 30 Sep 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=267722