VALLABH CHANDAK,MAHASAMUND vs. INCOME TAX OFFICER, WARD MAHASAMUND, MAHASAMUND

In the result, appeal of the assessee is allowed for statistical purposes in terms of the aforesaid observations

Bench: Shri Ravish Soodआयकर अपील सं./ Ita No.104/Rpr/2021 "नधा"रण वष" / Assessment Year : 2017-18 Vallabh Chandak Pro. M/S. Laxmi Pharma Purana Mandi Road, Ganjpara, Mahasamund (C.G.)-493 445 Pan : Akhpc3415A .......अपीलाथ" / Appellant बनाम / V/S. The Income Tax Officer Ward-Mahasumand (C.G.). ……""यथ" / Respondent

TDS by invoking provisions u/s. 40(a)(ia) by ignoring that said NBFC is reputed company, therefore, inference may be drawn at it might have incorporated interest received from the assessee and paid due tax thereon at the time of filing return, which ultimately results in no loss of revenue to the department. The assessee prays that the disallowance