Political contribution deductions require genuine transactions; banking records and party registration alone cannot defeat evidence of accommodation e...
Post-death GST liability permits fresh proceedings against legal representatives, while discontinued-business recovery remains limited to the inherite...
Non-confirmation of FEMA seizure prevents adjudicators from overriding pending appellate findings on recorded reasons and suspected foreign asset hold...
Credit of TDS under s. 199 was denied on the ground that the corresponding income was offered to tax by a related entity rather than by the assessee in the year of claim. It was held that where TDS has been deducted and deposited, and the credit appears in the assessee's Form 26AS, the assessee is entitled to such credit, consistent with settled precedent; however, safeguards are required to prevent double credit. The Assessing Officer was directed to grant the TDS credit after verifying that the related entity has not claimed the same TDS credit in its own assessment. Appeal allowed. - ITAT
Credit of TDS under s. 199 was denied on the ground that the corresponding income was offered to tax by a related entity rather than by the assessee in the year of claim. It was held that where TDS has been deducted and deposited, and the credit appears in the assessee's Form 26AS, the assessee is entitled to such credit, consistent with settled precedent; however, safeguards are required to prevent double credit. The Assessing Officer was directed to grant the TDS credit after verifying that the related entity has not claimed the same TDS credit in its own assessment. Appeal allowed. - ITAT
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