Charitable trust registration requires a specified-violation notice; settled cash deposits and related-party payments did not justify cancellation or ...
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Section 270AA penalty immunity requires identified statutory defaults and a hearing before rejection; reassessment disclosure may constitute under-rep...
Section 80JJAA employee-cost deduction allowed for deployed staff but barred against transfer-pricing income enhancement, with pricing issues remanded...
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Negative liens over operating assets can constitute international transactions requiring arm's-length pricing reflecting restricted borrowing and expa...
Cross-examination rights in Customs Broker revocation inquiries require witness examination; procedural denial may be cured through fresh adjudication...
ITAT allowed the appeal and directed the AO to grant TDS credit to the anonymized assessee within 60 days. The Tribunal concluded that TDS is an onerous statutory obligation of the payer and, notwithstanding the employer's entry into CIRP and resultant moratorium under IBC s.9, the employee who produces conclusive evidence of salary deduction cannot be denied credit because the employer failed to deposit TDS. The Tribunal observed that civil consequences such as penalty and prosecution against the responsible officer remain available against the payer, but revenue's inaction cannot prejudice the assessee's right to credit. The appeal was allowed and relief granted as directed.
ITAT allowed the appeal and directed the AO to grant TDS credit to the anonymized assessee within 60 days. The Tribunal concluded that TDS is an onerous statutory obligation of the payer and, notwithstanding the employer's entry into CIRP and resultant moratorium under IBC s.9, the employee who produces conclusive evidence of salary deduction cannot be denied credit because the employer failed to deposit TDS. The Tribunal observed that civil consequences such as penalty and prosecution against the responsible officer remain available against the payer, but revenue's inaction cannot prejudice the assessee's right to credit. The appeal was allowed and relief granted as directed.
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