No Default if TDS not deducted from Salary due to bonafide estimate of income : ITAT
The obligation of the Assessee u/s.192 is only to make bonafide estimate of income of his employee under the head salaries. Such obligation cannot be tested on the parameters laid down on exercise of power by authorities under the Act exercising powers u/s.132 or u/s.147 of the Act. IN THE ITAT BANGALORE BENCH ‘C’ Karnataka Power Transmission… Read More »