Petition dismissed; petitioner allowed to submit detailed disclosures and documents for re-consideration; notices for 2019-23 may be adjudicated on me...
Confiscation and duty recovery quashed where licensing records show export obligation discharged; customs lacks jurisdiction absent licence annulment ...
Page of 4828
Press 'Enter' after typing page number.
10161 to 10180 of 96556 Results
❮
❯
❯❯
0 / 200
Expand Note
Add to Folder
No Folders have been created
+
Are you sure you want to delete "My most important" ?
The ITAT allowed the appeal of the assessee and directed the AO to grant credit for TDS, including amounts deducted on maturity of RBI bonds, after verifying claims under Rule 37BA(3)(ii) of the I.T. Rules, 1962. The tribunal noted the assessee had already offered interest on an accrual basis and paid corresponding tax for AYs 2018-19 to 2022-23, having claimed proportionate TDS credits from intermediary deductors. The AO is instructed to verify the TDS receipts, adjust the assessee's computation for AY 2023-24, determine the resultant tax liability or refund, and pass consequential orders in accordance with the tribunal's directions.
The ITAT allowed the appeal of the assessee and directed the AO to grant credit for TDS, including amounts deducted on maturity of RBI bonds, after verifying claims under Rule 37BA(3)(ii) of the I.T. Rules, 1962. The tribunal noted the assessee had already offered interest on an accrual basis and paid corresponding tax for AYs 2018-19 to 2022-23, having claimed proportionate TDS credits from intermediary deductors. The AO is instructed to verify the TDS receipts, adjust the assessee's computation for AY 2023-24, determine the resultant tax liability or refund, and pass consequential orders in accordance with the tribunal's directions.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4828 
Join Channel 
