THE ACIT ,CENTRAL-1, INDORE vs. M/S PRAKASH OILS LTD., DHAR
In the result, the above captioned appeals filed by the Revenue as well as the
ITA 226/IND/2021[2012-2013]Status: DisposedITAT Indore30 Jan 2023AY 2012-2013
Bench: Shri C.M. Garg & Shri Bhagirath Mal Biyani
For Appellant: Shri Ajay Tulsian, CA &For Respondent: Shri P.K. Mishra, CIT, DR
Section 147
reassessment order. The only objection of the AO for making the impugned disallowance was non compliance of section 194C(7) of the Act.
The appellant has submitted that section 194C(7) of the Act prescribes merely a procedural requirement requiring mechanical compliance, non compliance of which cannot trigger disallowance u/s 40(a)(ia) of the Act.
The disallowance
