Select Posers (RRC-Goa of Baroda Branch of WIRC-ICAI) By Kapil Goel Adv. (FCA LLB) 9910272806 Whether disallowance u/s 40(a)(i)/40(a)(ia) automatically exclude the invocation of section 201 proceedings (for payer in default) That is whether disallowance of expense and its treatment as assessee’s income exclude operation of section 201 of the Act? Whether AO’s acceptance of assessee’s explanation that NO tds was required on a expense during completed scrutiny proceedings (hence no disallowance u/s 143(3) order) has any impact to rule out applicability of section 201 of the Act? Whether CIT-A can set proceedings u/s 201 of the Act despite amendment in section 251 of the Act? That is whether proceedings u/s 201 of the Act are different from assessment proceedings? Whether on genuine reversal of transaction (credit entry) there can be any possible/potential TDS liability in hands of person who has first credited the amount and then reversed
Select Posers (RRC-Goa of Baroda Branch of WIRC-ICAI) By Kapil Goel Adv. (FCA LLB) 9910272806 Whether disallowance u/s 40(a)(i)/40(a)(ia) automatically exclude the invocation of section 201 proceedings (for payer in default) That is whether disallowance of expense and its treatment as assessee’s income exclude operation of section 201 of the Act? Whether AO’s acceptance of assessee’s explanation that NO tds was required on a expense during completed scrutiny proceedings (hence no disallowance u/s 143(3) order) has any impact to rule out applicability of section 201 of the Act? Whether CIT-A can set proceedings u/s 201 of the Act despite amendment in section 251 of the Act? That is whether proceedings u/s 201 of the Act are different from assessment proceedings? Whether on genuine reversal of transaction (credit entry) there can be any possible/potential TDS liability in hands of person who has first credited the amount and then reversed
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