https://www.taxtmi.com/caselaws?id=754681 ITAT Visakhapatnam allowed assessee's appeal partially. Prior period expenses were permitted following consistent precedent where AO accepted prior period income but disallowed expenses, ruling such selective treatment improper. TDS provisions under section 194I were held inapplicable to foreign shipping company payments per Board Circular. TDS credit issue was remanded to AO for verification with original Form-16A despite absence in Form-26AS, following CBDT Circular 5/2013. Interest under section 234C was upheld as no statutory provision exists for waiver despite financial restructuring package. en-us Tue, 25 Jun 2024 00:00:00 +0530 Thu, 27 Jun 2024 12:30:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=754681 ITAT Visakhapatnam allowed assessee's appeal partially. Prior period expenses were permitted following consistent precedent where AO accepted prior period income but disallowed expenses, ruling such selective treatment improper. TDS provisions under section 194I were held inapplicable to foreign shipping company payments per Board Circular. TDS credit issue was remanded to AO for verification with original Form-16A despite absence in Form-26AS, following CBDT Circular 5/2013. Interest under section 234C was upheld as no statutory provision exists for waiver despite financial restructuring package. Case-Laws Income Tax Tue, 25 Jun 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=754681