M/S SHREE BALAJI CONCEPTS,MARGAO vs. INCOME TAX OFFICER (INTERNATIONAL TXATION), WARD -1, PANAJI

The appeal of the assessee is allowed in the terms indicated as above

Bench: Dr. M. L. Meena & Sh. Anikesh Banerjeei.T.A. No. 73/Pan/2018 Assessment Year: 2012-13

10 Crores on 17/09/2011. The appellant while making the payment towards purchase of the property did not deduct TDS as per the provisions of section 195 of the Act under a bonafide belief that the said sellers of the property were residents as per the Income-tax Act. Noticing the non-deduction of TDS as per section