Tax Office Upholds Revision for Non-Deduction of TDS; Demerger Justification Rejected u/s 263.

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....Revision u/s 263 by CIT(A) - The reasons for non deduction of TDS stated by the assessee that the company was going through the process of demerger does not impress us at all. The provision of deduction on TDS are mandatory and strict in nature and cannot be given a go-by as done by the assessee - revision upheld - AT....