https://www.taxtmi.com/caselaws?id=290050 The ITAT ruled in favor of the assessee, deleting the additions made under section 263 in response to issues regarding under-assessment of service income based on TDS, disallowance of provision for non-achievement of targets, and failure to deduct TDS on certain payments. The ITAT found that the original assessment adequately addressed the issues raised by the CIT, and the invocation of section 263 was not justified. Consequently, the ITAT allowed the assessee's appeal on all issues raised, leading to a favorable outcome for the assessee. en-us Wed, 07 Aug 2019 00:00:00 +0530 Sat, 05 Sep 2020 22:56:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=290050 The ITAT ruled in favor of the assessee, deleting the additions made under section 263 in response to issues regarding under-assessment of service income based on TDS, disallowance of provision for non-achievement of targets, and failure to deduct TDS on certain payments. The ITAT found that the original assessment adequately addressed the issues raised by the CIT, and the invocation of section 263 was not justified. Consequently, the ITAT allowed the assessee's appeal on all issues raised, leading to a favorable outcome for the assessee. Case-Laws Income Tax Wed, 07 Aug 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=290050