Governmental authority status supports construction-service exemption, while pre-cutoff contract and stamp-duty compliance requires verification on re...
Automated Free Sale and Commerce Certificates enable paperless processing while retaining risk-based manual verification for selected exporter applica...
Employee stock-shortage penalties do not constitute consideration for services, preventing GST collection under Schedule II in employment relationship...
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.
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