No Disallowance of Expenses for non deduction of TDS just because PAN of transporter not given to Income Tax dept. : ITAT
In the instant case, once the assessee is in receipt of PAN and has not deducted TDS, it has complied with the first statutory obligation cast upon him and the assessee cannot be penalized for non-deduction of TDS. The provisions of section 40(a)(ia) which are deeming fiction relating to non-deduction of TDS have to be… Read More »