100% of Expenses incurred by Assessee without incurring the TDS cannot be disallowed rather restricted to the tune of 30%: ITAT [Read Order]

By Taxscan Team - On January 29, 2022 10:37 am - 2 mins read
Expenses - Assessee - TDS - ITAT - Expense - Tune of 30% - Taxscan

The Ahmedabad Bench of Income Tax Appellate Tribunal (ITAT) has ruled that 100% of the expenses incurred by assessee without incurring the TDS cannot be disallowed, rather restricted to the tune of 30%. The assessee,  Draipl Mskel is a joint-venture and engaged in the business of road development/construction. The assessee in the year under consideration…

Your free access to Taxscan has Expired

To read the article, get a premium account.

Taxscan Premium

Why should you subscribe?
  • Enjoy our website without interruptions from advertisements
  • Receive Daily newsletters
  • Receive realtime Telegram/Whatsapp news updates
  • Download original Judgements / Order / Notifications / Circulars, etc
  • Enjoy exclusive entry fees to Simplified series. (Webinars, Seminars, masterclasses, etc.)
  ₹1199 + GST for 1 year

Subscribe Now

Topics

taxscan-loader