https://www.taxtmi.com/caselaws?id=432980 The court dismissed the rectification application under Section 154 of the Income Tax Act, noting that rectification orders had already been passed. It directed the tax authorities to communicate the outstanding tax demand against one petitioner and consider modifying the software to reflect TDS credit in cases of amalgamation, demerger, or arrangement. The court acknowledged the need for software modification to accommodate TDS and TCS credits in such scenarios, providing specific directions to address the petitioners' concerns regarding tax credit issues arising from corporate restructuring processes. en-us Wed, 11 Jan 2023 00:00:00 +0530 Wed, 18 Jan 2023 08:34:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=432980 The court dismissed the rectification application under Section 154 of the Income Tax Act, noting that rectification orders had already been passed. It directed the tax authorities to communicate the outstanding tax demand against one petitioner and consider modifying the software to reflect TDS credit in cases of amalgamation, demerger, or arrangement. The court acknowledged the need for software modification to accommodate TDS and TCS credits in such scenarios, providing specific directions to address the petitioners' concerns regarding tax credit issues arising from corporate restructuring processes. Case-Laws Income Tax Wed, 11 Jan 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=432980