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No benefit of reduced rate of TDS as projection of losses by assessee was questionable : HC

September 18, 2018[2018] 98 117 (Gujarat)/[2018] 259 Taxman 36 (Gujarat)

IT: Where Assessing Officer on tentative re-working of assessee's accounts formed a prima facie opinion and suggested collection of tax at reduced rate of 1 per cent, but since projection of losses by assessee were found questionable, assessee's application for reduced rate of TDS could not be granted

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