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TDS Credit

Denial of TDS Credit on Farmers Sales by Commission Agent: ITAT Relies on CBDT Circular to Grant Full Credit [Read Order]

Sneha Sukumaran Mullakkal

The Visakhapatnam Bench of Income Tax Appellate Tribunal (ITAT ) addressed the denial of Tax Deducted at Source (TDS) credit on farmers’ sales made...

Income Tax Update: Rectification Requests Now Handled by Jurisdictional Assessing Officers

Assessee Denied Chance to Present Case on TDS Credit for Client Funds, ITAT Rules for Fresh Hearing...

Section 155(14) of Income Tax Act cannot limit TDS Credit if Income disclosed in ITR: ITAT allows...

Relief to Reuters India: ITAT Quashes AO Disallowance Orders u/s 10A, 40(a)(ia), 2(24)(x), Allows...

TDS Credit Allowable to HUF for Sale of Housing Property: ITAT [Read Order]

The Mumbai bench of Income Tax Appellate Tribunal (ITAT) held that the assessee Hindu Undivided Family (HUF) be allowed with Tax Deducted at Source (TDS) credits upon filing an affidavit by the...

Disallowed TDS Credit cannot be Added Twice to Income of Assessee as it Amounts to Double Addition: ITAT [Read Order]

The New Delhi bench of the Income Tax Appellate Tribunal (ITAT) held that the disallowed Tax Deducted at Source (TDS) credit cannot be added twice to the income of the assessee as it amounts to...

Relief to Reliance Infra: ITAT Allows TDS Credit of Rs. 40.43 Crore as Deducted by Tata Power on Payment to Adani Electricity on Transfer of Business

The Mumbai Bench of Income Tax Appellate Tribunal (ITAT) has granted relief to Reliance Infrastructure by allowing the Tax Deducted at Source (TDS) credit of Rs 40.43 crore deducted by Tata Power on...

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

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,...

ITAT Orders full TDS Credit after AO withdraws TDS Benefit on Advance Rent and Fails to carry forward for 20 years [Read Order]

In a significant case the Delhi bench of Income Tax Appellate Tribunal (ITAT) has recently ordered full Tax Deduction at Source (TDS) credit after the assessing office withdrew TDS...

TDS Credit cannot be Denied when Form 26AS along with Reconciliation of Income as per Books are Produced before AO: ITAT [Read Order]

The Income Tax Appellate Tribunal ( ITAT ), Hyderabad Bench, has recently, in an appeal filed before it, held that TDS Credit cannot be Denied when Form 26AS along with Reconciliation of Income as...

Income Tax TDS Credit Claim Issue: Here’s All You Need to Do on ITR-Form 26AS-AIS Mismatch

You might find yourself in a situation where you are being asked to pay 60% tax on your income despite your effective tax liability being only 30% if there is a discrepancy between the TDS credit...