Merilyn Shipping's case analysis with Cal-HC decision



CIT -vs.- Crescent Export Syndicate (ITAT 20 of 2013) (Cal-HC) Brief Facts: The assessee incurred expenditure during the year on which TDS have not been deducted. The AO disallowed the expenditure u/s 40(a)(ia). On appeal, the Tribunal relied onMerilyn Shipping Transportsvs.- ACIT (2
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