CIT(A) shall Issue Notice before Enhancement of Addition: ITAT [Read Order]

CIT(A) - enhancement notice - ITAT - TDS - interest - borrowed capitals - taxscan

The Income Tax Appellate Tribunal (ITAT), Cuttack bench, observed that CIT(A) failure to issue enhancement notice before addition shall invalidate such addition and therefore, deleted the addition on non-deduction of TDS of interest paid on the borrowed capital. The Assessing Officer (AO) raised issues against the assessee on being non-deduction of TCS in respect of…

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