https://www.taxtmi.com/highlights?id=74433 Credit of Dividend Distribution Tax u/s 115-O - The AO, in preparing the statement of assessed total income, computed the DDT payable but did not adjust the DDT already paid by the assessee, effectively showing it as payable. - the Revenue has denied the credit based on the misunderstood fact that the assessee is claiming credit for the Dividend Distribution Tax against regular tax payable. This in our considered view is factually incorrect, since the assessee is seeking to adjust the Dividend Distribution Tax paid against the Dividend Distribution Tax payable computed by the AO. - Adjustment of credit allowed - AT en-us Mon, 29 Jan 2024 07:52:14 +0530 Mon, 29 Jan 2024 07:52:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=74433 Credit of Dividend Distribution Tax u/s 115-O - The AO, in preparing the statement of assessed total income, computed the DDT payable but did not adjust the DDT already paid by the assessee, effectively showing it as payable. - the Revenue has denied the credit based on the misunderstood fact that the assessee is claiming credit for the Dividend Distribution Tax against regular tax payable. This in our considered view is factually incorrect, since the assessee is seeking to adjust the Dividend Distribution Tax paid against the Dividend Distribution Tax payable computed by the AO. - Adjustment of credit allowed - AT Highlights Income Tax Mon, 29 Jan 2024 07:52:14 +0530 https://www.taxtmi.com/highlights?id=74433