https://www.taxtmi.com/caselaws?id=180226 The ITAT partly allowed the appellant's appeal, emphasizing that profits from the joint venture should be offered by the constituents. The ITAT directed the AO to re-examine the revenue's appeal in light of its conclusions, stating that the AO cannot tax the entirety of the receipts in the hands of the Consortium. Additionally, the ITAT highlighted that there should be no disallowance for non-deduction of TDS if the income has been offered for tax by the constituents. The ITAT also instructed the AO to reconsider the nature of payments issue in accordance with the law and after giving the assessee a reasonable opportunity to present their case. en-us Tue, 27 Nov 2012 00:00:00 +0530 Mon, 07 May 2018 11:22:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=180226 The ITAT partly allowed the appellant's appeal, emphasizing that profits from the joint venture should be offered by the constituents. The ITAT directed the AO to re-examine the revenue's appeal in light of its conclusions, stating that the AO cannot tax the entirety of the receipts in the hands of the Consortium. Additionally, the ITAT highlighted that there should be no disallowance for non-deduction of TDS if the income has been offered for tax by the constituents. The ITAT also instructed the AO to reconsider the nature of payments issue in accordance with the law and after giving the assessee a reasonable opportunity to present their case. Case-Laws Income Tax Tue, 27 Nov 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=180226