Section 143(3) of the Income-tax Act, 1961 - Assessment - Addition to income [Delayed TDS certificate] - Assessment year 2008-09 - Amount was due to assessee lottery agency on account of bumper prize, etc. pertaining to lottery scheme run by Punjab State lotteries in financial year 2005-06 - However, it was only in financial year 2007-08 that Punjab State Lotteries sanctioned and credited said amount in assessee's account - Assessee had showed relevant receipt in profit and loss account in earlier year - Because of delay in sanctioning said amount, same was claimed in subsequent year on receipt of TDS certificate - Whether assessee's claim in subsequent year would be allowable - Held, yes [Paras 7 to 9] [In favour of assessee]
Refer:[2014] 41 taxmann.com 404 (Punjab and Haryana)
HIGH COURT OF PUNJAB AND HARYANA
Commissioner of Income-tax-I
v.
Abbott Agency, Ludhiana
DR. BHARAT BHUSHAN PARSOON AND RAJIVE BHALLA, JJ.
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