https://www.taxtmi.com/caselaws?id=448787 ITAT Ahmedabad allowed the assessee's appeal against CIT's revision order u/s 263 regarding TDS disallowance u/s 40(a)(ia). The assessee demonstrated that invoices were raised and payments made to parties in subsequent FY 2010-11 with proper TDS deduction and remittance. Supporting documents including work orders, Form 16A, payment charts, and ledger accounts established that work was quantified in the subsequent year. The assessee's inadvertent inclusion of parties in the non-TDS list was recognized by AO during assessment u/s 143(3). ITAT found no justifiable grounds for CIT to invoke s 263 powers as there was no revenue implication or prejudice to Revenue. The tribunal quashed the CIT's order and restored the original AO assessment. en-us Wed, 24 Jan 2024 00:00:00 +0530 Tue, 30 Jan 2024 08:51:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=448787 ITAT Ahmedabad allowed the assessee's appeal against CIT's revision order u/s 263 regarding TDS disallowance u/s 40(a)(ia). The assessee demonstrated that invoices were raised and payments made to parties in subsequent FY 2010-11 with proper TDS deduction and remittance. Supporting documents including work orders, Form 16A, payment charts, and ledger accounts established that work was quantified in the subsequent year. The assessee's inadvertent inclusion of parties in the non-TDS list was recognized by AO during assessment u/s 143(3). ITAT found no justifiable grounds for CIT to invoke s 263 powers as there was no revenue implication or prejudice to Revenue. The tribunal quashed the CIT's order and restored the original AO assessment. Case-Laws Income Tax Wed, 24 Jan 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=448787