Held that TDS disallowance was unwarranted once the seller had offered the sum to tax. Order of CIT(A) was affirmed (AY. 2016-17 2017-18)
S.A. Builders and Developers v.Asst. CIT (2025) 131 ITR 685 (Hyd.)(Trib)
S. 40(a)(ia): Amounts not deductible-Deduction at source-TDS on land purchase-Seller having offered consideration to tax-No disallowance in buyer’s hands-Non-deposit of TDS only precludes buyer’s credit. [S. 132(4), 201(1)]
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