Assessee Wins TDS Credit Case: Rent Income Tax Refund Approved After AO and CIT(A) Denial Reversed.

Assessee Wins TDS Credit Case: Rent Income Tax Refund Approved After AO and CIT(A) Denial Reversed. https://www.taxtmi.com/highlights?id=53434 Denial of credit of TDS - Tax deducted by the Tenant should be granted as refund to the assessee as rent collected is its income in hands of the assessee and rent paid to the Government is its expenses. AO as well as the CIT(A) was not right in denying the credit of TDS to the assessee. en-us Tue, 19 May 2020 10:51:53 +0530 Tue, 19 May 2020 10:51:53 +0530 TaxTMI RSS Generator Assessee Wins TDS Credit Case: Rent Income Tax Refund Approved After AO and CIT(A) Denial Reversed. https://www.taxtmi.com/highlights?id=53434 Denial of credit of TDS - Tax deducted by the Tenant should be granted as refund to the assessee as rent collected is its income in hands of the assessee and rent paid to the Government is its expenses. AO as well as the CIT(A) was not right in denying the credit of TDS to the assessee. Highlights Income Tax Tue, 19 May 2020 10:51:53 +0530 https://www.taxtmi.com/highlights?id=53434