ITAT upholds deletion of Addition on TDS Portion of Loan Interest Expenditure as Revenue Lacks Counter-Evidence [Read Order]

Revenue had failed to present any evidence contradicting the CIT(A)’s findings

By Navasree A.M - On September 4, 2024 4:47 pm - 2 mins read

ITAT - ITAT Delhi - ITAT upholds deletion of Addition on TDS - TDS Portion - Interest expenditure on a loan - taxscan

The Delhi Bench of the Income Tax Appellate Tribunal ( ITAT ) has upheld the decision of the Commissioner of Income Tax (Appeals) [CIT(A)] to delete the addition related to the TDS portion of interest expenditure on a loan, citing the revenue’s failure to provide counter-evidence. The income tax department filed the appeal challenging the…

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