Tribunal Supports Assessee on TDS Disallowance; Rejects Excess Dividend Distribution Tax Refund Claim.

Tribunal Supports Assessee on TDS Disallowance; Rejects Excess Dividend Distribution Tax Refund Claim. https://www.taxtmi.com/highlights?id=75684 TDS u/s 194I or 194IB - Disallowance u/s 40(a)(ia) - TDS was deducted but the section 194IB was mentioned wrongly instead of section 194I(b) - The Tribunal ruled in favor of the assessee regarding the disallowance under section 40(a)(ia) of the Act, finding that tax had indeed been deducted at source on rental expenditure. However, the claim for a refund of excess DDT was dismissed based on legal precedent. en-us Thu, 14 Mar 2024 07:43:32 +0530 Thu, 14 Mar 2024 07:43:32 +0530 TaxTMI RSS Generator Tribunal Supports Assessee on TDS Disallowance; Rejects Excess Dividend Distribution Tax Refund Claim. https://www.taxtmi.com/highlights?id=75684 TDS u/s 194I or 194IB - Disallowance u/s 40(a)(ia) - TDS was deducted but the section 194IB was mentioned wrongly instead of section 194I(b) - The Tribunal ruled in favor of the assessee regarding the disallowance under section 40(a)(ia) of the Act, finding that tax had indeed been deducted at source on rental expenditure. However, the claim for a refund of excess DDT was dismissed based on legal precedent. Highlights Income Tax Thu, 14 Mar 2024 07:43:32 +0530 https://www.taxtmi.com/highlights?id=75684