Preliminary reassessment proceedings generally require statutory remedies unless jurisdiction is wholly absent or mandatory conditions are patently br...
Agricultural land classification requires cumulative factual indicators, while industrial-purpose land and absent agricultural use defeat reinvestment...
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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