https://www.taxtmi.com/caselaws?id=441242 The Tribunal upheld the Principal Commissioner of Income Tax's order under section 263, finding the assessment order erroneous due to lack of necessary verification. The Tribunal also confirmed the applicability of section 194H for tax deduction on sales incentives. However, the Tribunal ruled in favor of the appellant by deleting the addition of deferred tax and disallowance of service charges related to club expenses, as they were deemed unjustified. en-us Tue, 01 Aug 2023 00:00:00 +0530 Fri, 04 Aug 2023 07:49:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=441242 The Tribunal upheld the Principal Commissioner of Income Tax's order under section 263, finding the assessment order erroneous due to lack of necessary verification. The Tribunal also confirmed the applicability of section 194H for tax deduction on sales incentives. However, the Tribunal ruled in favor of the appellant by deleting the addition of deferred tax and disallowance of service charges related to club expenses, as they were deemed unjustified. Case-Laws Income Tax Tue, 01 Aug 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=441242