Assessing Officer made an addition for said amount on account of non-deduction of TDS and also treated the same as unexplained expenditure. CIT(A) deleted the disallowances. Tribunal affirmed the order of the CIT(A). (AY. 2017-18)
ACIT v. Matrix Publicities and Media India (P.) Ltd. (2025) 213 ITD 463 (Mum) (Trib.)
S. 40(a)(i) : Amounts not deductible-Deduction at source-Non-resident –Amount paid to a foreign company towards management fees-Tax deducted and deposited-No addition could be made under section 40(a)(i), or the payment can be held to be as unexplained expenditure under section 69C.[S, 69C, 195]
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