TaxTMI 
TaxTMI 
2023 (6) TMI 482
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..... Vinita Bhura, A.R. ORDER PER MS. MADHUMITA ROY - JM: The instant appeal filed by the Revenue is directed against the order dated 03.05.2018 passed by the Ld. Commissioner of Income Tax (Appeals)- 5, Ahmedabad arising out of the order dated 13.10.2017 passed by the ACIT, Circle-5(2), Ahmedabad under section 143(3) r.w.s. 263 of the Income Tax Act, 1961 (hereinafter referred as to 'the Act') fo....
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....M/s. Bajaj Finance Ltd. under Section 40(a)(ia) of the Act as the assessee failed to comply TDS as per statutory provision. 5. During the year under consideration, the assessee has debited interest of Rs. 25,37,178/- to P&L Account which included interest of Rs. 11,85,187/- paid to M/s. Bajaj Finance Ltd., a Non-Banking Finance Company and therefore liable to deduct tax under Section 194A of the ....
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....red in such return, to the extent recipient from such assessee is included the sum in his return of income and filed the same, no disallowance under Section 40(a)(ia) of the Act can be made by the Ld. AO in view of the 2nd Proviso to Section 40(a)(ia) r.w.s. First Proviso to Section 201(1) of the Act. Apart from that it was contended by the assessee that the 2nd Proviso to Section 40(a)(ia) of the....
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....4.2013 thus it is applicable from the A.Y. 2013-14 and therefore, it is not relevant in the present case as the assessment year involved is A.Y. 2012-13. The appellant has furnished certificate as prescribed under proviso to section 201(1) r.w. rule 31 ACB of the I.T. rules before the A.O. and no adverse remarks regarding this has been made by the A.O. in the assessment order. In several decisions....