Held that as regards contribution to Provident fund and ESI the revision order setting aside the assessment order is justified. As regards incentive payments as commission tax was deducted at source under section 192 revision is not justified. As regards the disallowance of exempt income the issue being debatable issue, revision order is set aside. (AY. 2017-18)
O. S. Motors (P) Ltd v. PCIT(2023) 222 TTJ 27(UO)(Jodhpur)(Trib)
S. 263 : Commissioner-Revision of orders prejudicial to revenue-Lack of enquiry-Contribution to Provident fund and ESI-Justified in setting aside the order-Incentive payments-Commission-Tax deduction at source-Not justified in revising the order-Exempt income-Debatable issue-Revision order is set aside. [S. 14A, 36(1) (v), 139(1), 192, 194H]