Disallowance on account of TDS payable not sustained When Assessee has Shown Expenditure in his Accounts: ITAT

The Income Tax Appellate Tribunal (ITAT) New Delhi has held that disallowance on account of TDS payable is not sustained when the assessee has shown the expenditure in his account. The assessee, Anand and Anandchallenged the order dated 21.02.2019 passed by Commissioner of Income Tax (Appeals)-20, New Delhi. The assessee is a firm of Legal Professionals who filed their income return declaring income of Rs. 23,01,41,110/- and the case was selected under compulsory Manual Scrutiny.

Source Taxscan