The Income Tax Appellate Tribunal (ITAT) Delhi Bench upheld the addition of disallowance on TDS stating that “the assessee was under statutory obligation to deduct the income tax at the time of credit or/and, payment to the payee”. However, the ITAT held that Disallowance of Vehicle Depreciation was not right stressing that “the vehicles have […]
The post Disallowance of Interest on TDS upheld: ITAT [Read Order] appeared first on Taxscan | Simplifying Tax Laws.
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