RPA (Remote Pilot Aircraft) for military use defined to include drones/UAV/UAS; exemptions limited to specified defence imports with Joint Secretary c...
Transfer of going concern and transfer of input tax credit under GST allowed; exemption applies though interstate ledger transfers left to authorities...
TDS credit must be allowed in the assessment year in which the related income is assessable, even if the deductor deposited tax and reflected it in Form 26AS in a later year. Following its earlier ruling, ITAT held that the assessee could not be denied credit for AY 2020-21 merely because of a timing mismatch in the deductor's reporting. The Assessing Officer was directed to grant the credit for that year, subject to verification that the same TDS credit is not claimed again in AY 2021-22.
TDS credit must be allowed in the assessment year in which the related income is assessable, even if the deductor deposited tax and reflected it in Form 26AS in a later year. Following its earlier ruling, ITAT held that the assessee could not be denied credit for AY 2020-21 merely because of a timing mismatch in the deductor's reporting. The Assessing Officer was directed to grant the credit for that year, subject to verification that the same TDS credit is not claimed again in AY 2021-22.
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