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No prosecution proceedings if assessee failed to deposit TDS in time but submitted in along with interest later on

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  • No prosecution proceedings if assessee failed to deposit TDS in time but submitted in along with interest later on
Posted onon September 12, 2017

Tenet Tax Daily September 04 2017

By tenettax-team
Corporate Tax

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TDS disallowance to be made even if no sum payable at year-end; HC follows Apex court’s decision
AO cannot make revision to treat loan as deemed dividend if full disclosure was made during scrutiny assessment

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