2015 (9) TMI 1683

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....pondent : SRI BALRAM R. RAO, ADV. JUDGMENT On the ground that there was alleged short deduction of TDS by the assessee-respondent (VijayaBank), suo moto revisional power under Section 263 of the Income Tax Act, 1961 (for short 'the Act') was invoked by the Commissioner of Income Tax and decided against the assessee by order dated 06.03.2013. Challenging the said order, the assessee filed an appe....

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....i K.V.Aravind, learned counsel for the appellants as well as Sri Balram R. Rao, learned counsel for the respondent-assessee and perused the record. With the consent of learned counsel for the parties, this appeal has been heardand is being finally disposed of at the Admission stage. 3. The Tribunal has allowed the appeal, primarily on the ground that the quantum of short deduction of tax at sour....