2021 (5) TMI 423

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....Revenue : Shri S.S. Shukla, Sr. D.R. ORDER PER : AMARJIT SINGH, ACCOUNTANT MEMBER:- This assessee's appeal for A.Y. 2014-15, arises from order of the CIT(A)-2, Vadodara dated 24-01-2018, in proceedings under section 143(3) of the Income Tax Act, 1961; in short "the Act". 2. The brief fact of the case is that return of income declaring total income at Rs. 2,06,34,900/- was filed on 16th....

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....s disallowed the total amount of Rs. 12,03,693/- pertaining to employees contribution towards EPF and ESIC u/s. 36(1)(va) of the act 4. Aggrieved assessee has filed appeal before the ld. CIT(A). The ld. CIT(A) has dismissed the appeal of the assessee reiterating the fact and reason for disallowance stated by the Assessing Officer. 5. Heard both the sides and perused the material on record. I....

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.... of Interest paid during the year (in Rs.) Whether TDS deducted on interest payment 1 Bajaj Finance Ltd. 46,405/- No 2 Tata Capital Ltd. 90,787/- No 3 Volkswagon Finance Ltd. 2,84,156/- No   Total 4,21,348/-   7. During the course of assessment, the counsel of the assessee voluntarily agreed before the Assessing Officer for the disall....

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....ssee has failed to deduct tax u/s. 194 of the Act. The assessee has not furnished any material to controvert the aforesaid finding of the Assessing Officer for not making compliance with the provision of section 40(a)(ia) of the Act. In addition to above, it is also noticed that counsel of the assessee has voluntarily agreed for the disallowance of interest expenditure since the assessee has faile....