NIPPON AUDIOTRONIX PRIVATE LIMITED,NEW DELHI vs. ACIT CIRCLE 16(1), NEW DELHI

In the result, the appeal of the assessee is allowed for statistical purpose

Bench: Shri Mahavir Singh & Shri Brajesh Kumar Singh[Assessment Year: 2023-24] M/S Nippon Audiotronix Acit, Private Limited, Circle-16(1), N-191, Greater Kailash-I, Vs New Delhi New Delhi-110048 Pan-Aaacn2163L Assessee Revenue

section 194Q of the Act, obligates a buyer of goods to deduct TDS of the seller @ 0.1% of their sales exclusive of taxes i.e. if sales value, say is Rs. 100/- + GST Rs. 18/-, TDS is deductible @ 0.1% on Rs.100/-. 2. That the CPC allowed TDS credit in the Intimation issued u/s 143 (1), as computed in the ratios

DEPUTY COMMISSIONER OF INCOME TAX, DELHI vs. M/S VESTIGE MARKETING PRIVATE LIMITED, DELHI

disallowance is primarily based on:\nA statement recorded under Section 132(4) during search; and\nAn inference that payments made through banking channels\nwere allegedly returned in cash.\nThe Assessee respectfully submits that:\nThe statement was retracted before the Assessing Officer;\nThe retraction was supported by documentary evidence;\nThe addition is unsupported by corroborative material.\nI. Retraction of Statement – Legal

VESTIGE MARKETING PVT LTD,DELHI vs. DCIT, CENTRAL CIRCLE- 05, DELHI

disallowance is primarily based on:\nA statement recorded under Section 132(4) during search; and\nAn inference that payments made through banking channels\nwere allegedly returned in cash.\nThe Assessee respectfully submits that:\nThe statement was retracted before the Assessing Officer;\nThe retraction was supported by documentary evidence;\nThe addition is unsupported by corroborative material.\nI. Retraction of Statement – Legal

VESTIGE MARKETING PVT LTD,NEW DELHI vs. DCIT, CENTRAL CIRCLE- 05, DELHI

disallowance is primarily based on:\nA statement recorded under Section 132(4) during search; and\nAn inference that payments made through banking channels\nwere allegedly returned in cash.\nThe Assessee respectfully submits that:\nThe statement was retracted before the Assessing Officer;\nThe retraction was supported by documentary evidence;\nThe addition is unsupported by corroborative material.\nI. Retraction of Statement – Legal

DEPUTY COMMISSIONER OF INCOME TAX, DELHI vs. M/S VESTIGE MARKETING PRIVATE LIMITED, DELHI

disallowance is primarily based on:\nA statement recorded under Section 132(4) during search; and\nAn inference that payments made through banking channels\nwere allegedly returned in cash.\nThe Assessee respectfully submits that:\nThe statement was retracted before the Assessing Officer;\nThe retraction was supported by documentary evidence;\nThe addition is unsupported by corroborative material.\nI. Retraction of Statement – Legal

DEPUTY COMMISSIONER OF INCOME TAX, DELHI vs. M/S VESTIGE MARKETING PRIVATE LIMITED, DELHI

disallowance is primarily based on:\nA statement recorded under Section 132(4) during search; and\nAn inference that payments made through banking channels\nwere allegedly returned in cash.\nThe Assessee respectfully submits that:\nThe statement was retracted before the Assessing Officer;\nThe retraction was supported by documentary evidence;\nThe addition is unsupported by corroborative material.\nI. Retraction of Statement – Legal

DEPUTY COMMISSIONER OF INCOME TAX, DELHI vs. M/S VESTIGE MARKETING PRIVATE LIMITED, DELHI

disallowance is primarily based on:\nA statement recorded under Section 132(4) during search; and\nAn inference that payments made through banking channels\nwere allegedly returned in cash.\nThe Assessee respectfully submits that:\nThe statement was retracted before the Assessing Officer;\nThe retraction was supported by documentary evidence;\nThe addition is unsupported by corroborative material.\nI. Retraction of Statement – Legal

VESTIGE MARKETING PVT LTD,DELHI vs. DCIT CENTRAL CIRCLE-05, DELHI

disallowance is primarily based on:\nA statement recorded under Section 132(4) during search; and\nAn inference that payments made through banking channels\nwere allegedly returned in cash.\nThe Assessee respectfully submits that:\nThe statement was retracted before the Assessing Officer;\nThe retraction was supported by documentary evidence;\nThe addition is unsupported by corroborative material.\nI. Retraction of Statement – Legal

DEPUTY COMMISSIONER OF INCOME TAX, DELHI vs. M/S VESTIGE MARKETING PRIVATE LIMITED, DELHI

Bench: Shri Before Shri Satbeer Singh Godarabefore Shri Before Shri Satbeer Singh Godarasatbeer Singh Godara & Satbeer Singh Godara & And & Shri Naveen Chandra Shri Naveen Chandra, , , Shri Naveen Chandra Shri Naveen Chandra

disallowance is primarily based on:  A statement recorded under Section 132(4) during search; and  An inference that payments made through banking channels were allegedly returned in cash. The Assessee respectfully submits that:  The statement was retracted before the Assessing Officer;  The retraction was supported by documentary evidence;  The addition is unsupported by corroborative material. I . Retraction of State

VESTIGE MARKETING PVT LTD,DELHI vs. DCIT CENTRAL CIRCLE -05 , DELHI

Bench: Shri Before Shri Satbeer Singh Godarabefore Shri Before Shri Satbeer Singh Godarasatbeer Singh Godara & Satbeer Singh Godara & And & Shri Naveen Chandra Shri Naveen Chandra, , , Shri Naveen Chandra Shri Naveen Chandra

disallowance is primarily based on:  A statement recorded under Section 132(4) during search; and  An inference that payments made through banking channels were allegedly returned in cash. The Assessee respectfully submits that:  The statement was retracted before the Assessing Officer;  The retraction was supported by documentary evidence;  The addition is unsupported by corroborative material. I . Retraction of State

DEPUTY COMMISSIONER OF INCOME TAX, DELHI vs. M/S VESTIGE MARKETING PRIVATE LIMITED, DELHI

Bench: Shri Before Shri Satbeer Singh Godarabefore Shri Before Shri Satbeer Singh Godarasatbeer Singh Godara & Satbeer Singh Godara & And & Shri Naveen Chandra Shri Naveen Chandra, , , Shri Naveen Chandra Shri Naveen Chandra

disallowance is primarily based on:  A statement recorded under Section 132(4) during search; and  An inference that payments made through banking channels were allegedly returned in cash. The Assessee respectfully submits that:  The statement was retracted before the Assessing Officer;  The retraction was supported by documentary evidence;  The addition is unsupported by corroborative material. I . Retraction of State

VESTIGE MARKETING PVT. LTD.,DELHI vs. DCIT, CENTRAL CIRCLE- 05, DELHI

disallowance is primarily based on:\n➤ A statement recorded under Section 132(4) during search; and\nAn inference that payments made through banking channels\nwere allegedly returned in cash.\nThe Assessee respectfully submits that:\nThe statement was retracted before the Assessing Officer;\nThe retraction was supported by documentary evidence;\nThe addition is unsupported by corroborative material.\nI. Retraction of Statement

VESTIGE MARKETING PVT LTD,DELHI vs. DCIT, CENTRAL CIRCLE-05, DELHI

disallowance is primarily based on:\n➤ A statement recorded under Section 132(4) during search; and\n➤ An inference that payments made through banking channels\nwere allegedly returned in cash.\nThe Assessee respectfully submits that:\n➤ The statement was retracted before the Assessing Officer;\n➤ The retraction was supported by documentary evidence;\n➤ The addition is unsupported by corroborative material

DEPUTY COMMISSIONER OF INCOME TAX, DELHI vs. M/S VESTIGE MARKETING PRIVATE LIMITED, DELHI

disallowance is primarily based on:\n➤ A statement recorded under Section 132(4) during search; and\nAn inference that payments made through banking channels\nwere allegedly returned in cash.\nThe Assessee respectfully submits that:\nThe statement was retracted before the Assessing Officer;\nThe retraction was supported by documentary evidence;\nThe addition is unsupported by corroborative material.\nI. Retraction of Statement

VESTIGE MARKETING PVT LTD,DELHI vs. DCIT, CENTRAL CIRCLE-05, DELHI

disallowance is primarily based on:\n➤ A statement recorded under Section 132(4) during search; and\n➤ An inference that payments made through banking channels\nwere allegedly returned in cash.\nThe Assessee respectfully submits that:\n➤ The statement was retracted before the Assessing Officer;\n➤ The retraction was supported by documentary evidence;\n➤ The addition is unsupported by corroborative material

JEEWAN DASS,HARYANA vs. ITO,WARD-1, RANGE 57, HISAR

Appeal is allowed

Bench: Sh. Satbeer Singh Godara

194Q of Rs. 23,443/- is not allowable as the appellant has not given details of turnover as kachcha arhatias in the return of income. 6. That the learned Commissioner of Income Tax (Appeals) has erred in upholding the disallowance of credit of TDS of Rs. 1,08,733/- as against Rs. 1,38,133/- claimed by the appellant