TDS Default on Payment for Property Purchase: ITAT deletes Order since NRI Seller Already Offered Capital Gain for Tax [Read Order]

TDS - Payment - Property Purchase - ITAT - NRI Seller - Capital Gain - Tax - taxscan

The Vishakhapatnam bench of the Income Tax Appellate Tribunal (ITAT), has quashed an order for non-deduction of TDS while making payment towards the purchase of a property, under section 201(3) of the Income Tax Act, 1962 by considering that the NRI seller has already offered the amount of capital gain received. The assessee, Mr. Adabala…

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