Denial of TDS Credit on Mistake or Misconception of Assessee is Impermissible: ITAT [Read Order]

Denial of TDS Credit - TDS Credit - Mistake - Misconception - TDS Credit on Mistake or Misconception - Assessee - Impermissible - ITAT - Income Tax - taxscan

The Ahmedabad Bench of Income Tax Appellate Tribunal (ITAT) has held that denial of Tax Deducted at Source (TDS) credit on mistake or misconception of assessee is impermissible. The assessee, Kunvarji Fincorp Pvt. Ltd., in the present case was a NBFC engaged in the business of financing against stock and commodities. The assessee in the…

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