https://www.taxtmi.com/caselaws?id=443725 The Tribunal, consisting of Shri Pawan Singh and Dr. Arjun Lal Saini, set aside the order passed under Section 263 of the Income Tax Act for the Assessment Year 2018-19. The Tribunal held that the Assessing Officer's decision not to verify godown rent expenses and the non-deduction of TDS did not warrant revision under Section 263. The Tribunal found that the rent payments to four different individuals for separate premises did not breach TDS thresholds, and the Assessing Officer's failure to disallow expenses under Sections 194I and 40(a)(ia) was not prejudicial to the revenue. Consequently, the appeal was allowed. en-us Thu, 01 Jun 2023 00:00:00 +0530 Sat, 30 Sep 2023 09:02:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=443725 The Tribunal, consisting of Shri Pawan Singh and Dr. Arjun Lal Saini, set aside the order passed under Section 263 of the Income Tax Act for the Assessment Year 2018-19. The Tribunal held that the Assessing Officer's decision not to verify godown rent expenses and the non-deduction of TDS did not warrant revision under Section 263. The Tribunal found that the rent payments to four different individuals for separate premises did not breach TDS thresholds, and the Assessing Officer's failure to disallow expenses under Sections 194I and 40(a)(ia) was not prejudicial to the revenue. Consequently, the appeal was allowed. Case-Laws Income Tax Thu, 01 Jun 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=443725