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TDS Credit

Buyer’s TDS Error on Joint Ancestral Property Won’t Deny Father Full Credit: ITAT [Read Order]

Adwaid M S

The Income Tax Appellate Tribunal (ITAT) Pune Bench has set a significant precedent in regard to TDS credits on the sale of jointly held ancestral...

ITAT Directs AO to Grant TDS Credit of Rs. 9.04 Lakh, Finds No Mismatch With Form 26AS [Read Order]

Advance Income from AMC Contracts not Taxable Entirely on Invoicing: ITAT grants Relief to HP India...

Denial of TDS Credit Due to Form 26AS Mismatch: ITAT Directs AO to Verify Taxpayer Receipt and Allow...

TDS Credit Allowable to Person in Whose Hands Income is Assessable as per Rule 37BA Income Tax...

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

The Visakhapatnam Bench of Income Tax Appellate Tribunal (ITAT ) addressed the denial of Tax Deducted at Source (TDS) credit on farmers’ sales made through a commission agent and relied on Central...

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

The Income Tax Department has started sending out emails to taxpayers informing them that their rectification requests have been transferred from the Centralized Processing Center (CPC) to the...

Assessee Denied Chance to Present Case on TDS Credit for Client Funds, ITAT Rules for Fresh Hearing [Read Order]

The Income Tax Appellate Tribunal (ITAT), Lucknow Bench, has set aside three appellate orders concerning the assessment years 2014–15, 2015–16, and 2016–17, after holding that the assessee was not...

Section 155(14) of Income Tax Act cannot limit TDS Credit if Income disclosed in ITR: ITAT allows Full Credit as per Form 26AS [Read Order]

The Chennai bench of the Income Tax Appellate Tribunal ( ITAT ) has ruled that the Section 155(14) of the Income Tax Act, 1961 cannot restrict the Tax Deduction at Source ( TDS ) credit if the income...

Relief to Reuters India: ITAT Quashes AO Disallowance Orders u/s 10A, 40(a)(ia), 2(24)(x), Allows TDS Credit [Read Order]

The Mumbai Bench of Income Tax Appellate Tribunal (ITAT) allowed the appeal of the assessee and delete the disallowance made under Sections 10A, 40(a)(ia) and 2(24)(x) of the Income Tax Act,1961, and...

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...