No TDS liability on assessee if provision created during year was later reversed in books of account : HC

INCOME TAX : Where assessee, a subsidiary of Japanese Company, had made provision towards marketing , overseas and general expenses during year and reversal of entry was also made in same accounting year and Assessing Officer held that assessee should have deducted tax at source as per rate applicable along with interest, in absence of any income accruing to anyone under Act, liability to deduct TDS on assessee could not have been fastened

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