https://www.taxtmi.com/caselaws?id=447081 The Tribunal allowed the appeal of the assessee, quashing the demand amount of Rs. 4,68,850/-. It held that the AO exceeded jurisdiction under section 154 of the Income Tax Act 1961 by withdrawing TDS credit without proper verification and consideration of evidence. The Tribunal emphasized that section 154 is limited to rectification related to the processing of returns and intimation, and thus, the AO's action was not justified. The decision overturned the previous upholding of the demand by CIT(A). en-us Fri, 15 Dec 2023 00:00:00 +0530 Mon, 18 Dec 2023 09:06:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=447081 The Tribunal allowed the appeal of the assessee, quashing the demand amount of Rs. 4,68,850/-. It held that the AO exceeded jurisdiction under section 154 of the Income Tax Act 1961 by withdrawing TDS credit without proper verification and consideration of evidence. The Tribunal emphasized that section 154 is limited to rectification related to the processing of returns and intimation, and thus, the AO's action was not justified. The decision overturned the previous upholding of the demand by CIT(A). Case-Laws Income Tax Fri, 15 Dec 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=447081