Handicraft job work receives concessional GST only for registered principals and predominantly handmade goods; commercial resin articles remain taxabl...
Reassessment disclosure requirements permit stated reasons without revealing information sources, but prior-taxation claims require full examination b...
Independent assessment discretion and corroborated electronic evidence determine validity of on-money additions and undisclosed-consideration assessme...
ITAT allowed the appeal of the anonymized assessee engaged in wholesale and retail trade, directing full grant of TDS credit as reflected in Form 26AS for both assessment years in dispute. It held that restriction of TDS credit by the AO and its affirmation by the CIT(A) on the basis of turnover discrepancies, without properly accounting for sales returns and the mechanism of TDS deduction under s.194O, was unsustainable. ITAT found that TDS had been correctly deducted by e-commerce operators on gross sales and that the assessee's turnover, after considering sales returns, reconciled with Form 26AS. Consequently, the order of the CIT(A) was set aside and the AO was mandated to allow complete TDS credit.
ITAT allowed the appeal of the anonymized assessee engaged in wholesale and retail trade, directing full grant of TDS credit as reflected in Form 26AS for both assessment years in dispute. It held that restriction of TDS credit by the AO and its affirmation by the CIT(A) on the basis of turnover discrepancies, without properly accounting for sales returns and the mechanism of TDS deduction under s.194O, was unsustainable. ITAT found that TDS had been correctly deducted by e-commerce operators on gross sales and that the assessee's turnover, after considering sales returns, reconciled with Form 26AS. Consequently, the order of the CIT(A) was set aside and the AO was mandated to allow complete TDS credit.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4828 
Join Channel 
