Search Results Page
Search Results
1 - 4 of 4 (0.54 seconds)Pr. Commissioner Of Income Tax vs Ansal Landmark Townships (P) Ltd on 25 August, 2017
5. When a query was put to the learned Sr. DR, he could not
controvert the above proposition. After hearing both the sides and going
through the facts that the assessee has filed form No. 26A before us for
the first time as additional evidence which need verification. In case the
payee has included the said income in his return of income and paid the
tax due thereon, there will be no disallowance under section 40(a)(ia) of
the Act in the case of the assessee. Hence, we admit this issue and
direct the AO to verify the same. We find that this issue is squarely
covered in favour of the assessee by the decision of Hon'ble Delhi High
Court in the case of Ansal Landmark Township Pvt. Ltd. (supra), the AO
will delete this disallowance after verifying the facts. Needles to say, the
issue being covered in favour of assessee, we need not adjudicate this
issue on merits.
Section 145 in The Income Tax Act, 1961 [Entire Act]
The Finance Act, 2018
1