![Prior period Expense cant be Added back While Computing Profit & Gain of Business and Profession: ITAT orders to Recompute Book Profit [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/Expense-Computing-Profit-Gain-Computing-Profit-Gain-Business-Business-and-Profession-ITAT-Income-Tax-Recompute-Book-Profit-Book-Profit-Taxscan-.jpg "Prior period Expense cant be Added back While Computing Profit & Gain of Business and Profession: ITAT orders to Recompute Book Profit [Read Order]")
Prior period Expense can't be Added back While Computing Profit & Gain of Business and Profession: ITAT orders to Recompute Book Profit [Read Order]
The Chennai bench of the Income Tax Appellate Tribunal (ITAT) has held that prior period expense can't be added back while computing profit &...
![Form 26AS can be taken for computing TDS Credit instead of Form 16A: Calcutta HC upholds order of ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/Form-26AS-computing-TDS-Credit-Form-16A-Calcutta-HC-ITAT-TDS-Credit-TDS-taxscan.jpg "Form 26AS can be taken for computing TDS Credit instead of Form 16A: Calcutta HC upholds order of ITAT [Read Order]")
![TDS Credit shall be given for the Assessment Year for which Income is Assessable: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/TDS-Credit-TDS-Income-Income-Tax-ITAT-Taxscan.jpg "TDS Credit shall be given for the Assessment Year for which Income is Assessable: ITAT [Read Order]")
![TDS Credit allowable when Income offered to Tax relating to said TDS: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/TDS-Credit-TDS-Income-Tax-ITAT-taxscan.jpg "TDS Credit allowable when Income offered to Tax relating to said TDS: ITAT [Read Order]")
![Assessee not Liable for Non-Compliance of the Deductor: ITAT allows TDS Credit [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/Non-Compliance-Deductor-ITAT-TDS-Credit-TDS-Taxscan.jpg "Assessee not Liable for Non-Compliance of the Deductor: ITAT allows TDS Credit [Read Order]")
Patna HC quashes GST Demand on TDS Credit passed ex-parte: Remands matter for Fresh Hearing [Read Order]
The Patna High Court has recently quashed the demand notice and order passed ex-parte against the CICO Patel Joint Venture along with directions to pass fresh order on the merits of the matter. ...
![Patna HC quashes GST Demand on TDS Credit passed ex-parte: Remands matter for Fresh Hearing [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/Patna-HC-quashes-GST-Demand-GST-Demand-GST-Demand-on-TDS-Credit-GST-TDS-taxscan.jpg "Patna HC quashes GST Demand on TDS Credit passed ex-parte: Remands matter for Fresh Hearing [Read Order]")
![IBC Proceedings against Employer Not a Ground to Deny TDS Credit to Employee: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/IBC-Insolvency-and-Bankruptcy-Code-TDS-Credit-TDS-ITAT-IBC-Proceedings-against-Employer-Taxscan.jpg "IBC Proceedings against Employer Not a Ground to Deny TDS Credit to Employee: ITAT [Read Order]")
TDS Credit should be Allowed when Assessee has offered income relating to said TDS: ITAT [Read Order]
The Chennai bench of the Income Tax Appellate Tribunal ( ITAT ) has held that the TDS credit should be allowed when the assessee has offered the income relating to TDS under the provisions of the...
![TDS Credit should be Allowed when Assessee has offered income relating to said TDS: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/11/TDS-TDS-Credit-income-ITAT-taxscan-.jpg "TDS Credit should be Allowed when Assessee has offered income relating to said TDS: ITAT [Read Order]")
Supporting Evidence mandatory for claim TDS Credit in absence of TDS Certificate: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Mumbai Bench consisting of Rahul Chaudhary, Judicial Member, and Om Prakash Kant, Accountant Member held that supporting evidence is mandatory for claiming...
![Supporting Evidence mandatory for claim TDS Credit in absence of TDS Certificate: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/08/evidence-claim-TDS-Credit-ITAT-Taxscan.jpg "Supporting Evidence mandatory for claim TDS Credit in absence of TDS Certificate: ITAT [Read Order]")
Denial of TDS Credit on ground of Mismatch in Form 26AS and 16A 'Insensitive' and Violative of CBDT Charter: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Mumbai bench has held that the denial of the TDS on ground of mismatch in Form 26AS and 16A is clear violation of the charters issued by the Central Board of...
![Denial of TDS Credit on ground of Mismatch in Form 26AS and 16A Insensitive and Violative of CBDT Charter: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/08/TDS-Form-26AS-and-16A-CBDT-Charter-ITAT-taxscan.jpg "Denial of TDS Credit on ground of Mismatch in Form 26AS and 16A Insensitive and Violative of CBDT Charter: ITAT [Read Order]")
Income Tax Dept shall not Deny TDS Credit to Assessee once It is Deducted by Employer/Deductor and not Deposited with Govt: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Surat bench comprising Shri Pawan Singh, JM & Dr. A.L.Saini, AM has allowed a claim of TDS credit to the assessee by observing that the same cannot be...
![Income Tax Dept shall not Deny TDS Credit to Assessee once It is Deducted by Employer/Deductor and not Deposited with Govt: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/Income-Tax-Dept-TDS-Credit-Assessee-Employer-Deductor-ITAT-Taxscan.jpeg "Income Tax Dept shall not Deny TDS Credit to Assessee once It is Deducted by Employer/Deductor and not Deposited with Govt: ITAT [Read Order]")