Tag: Tax Audit

No Disallowance on account of Non-Deduction of TDS u/s 194C on individual not subject to Tax Audit: ITAT

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No Disallowance on account of Non-Deduction of TDS u/s 194C on individual not subject to Tax Audit: ITAT The facts, in brief, are that the assessee in the present case is an individual and is a proprietor of the firm namely M/s Vijay trading Co. and Vasuki Trading Co. The assessee is also a partner…

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Finance

Can information in Tax Audit Form 3CD lead to adjustment by CPC by invoking the provisions of Section 143(1)(iv)?

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Can information in Tax Audit Form 3CD lead to adjustment by CPC by invoking the provisions of Section 143(1)(iv)? The facts of the case shows that the assessee made a company engaged in the business of transportation of solid waste management. For Assessment Year 2017-18, it filed its return of income at Rs.4,38,53,460/-. The above…

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Finance