Punj Lloyd Alcon Lk Goyal (JV) v. ITO (2024)114 ITR 36 (SN)(Delhi)(Trib)

S. 40(a)(ia): Amounts not deductible-Deduction at source-Mobilisation advance-Joint venture-Issue restored to Assessing Officer for verification.

Tribunal held that the issue needed factual verification, it was restored to the Assessing Officer to determine that the assessee had duly deducted tax and paid it to the coffers of the Central Government on the impugned sum claimed as expenditure during the year and that the expenses were of revenue nature and relatable to the year in question. The Assessing Officer is  directed to pass a speaking order in accordance with law.(AY.2014-15)

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