https://www.taxtmi.com/caselaws?id=755180 ITAT Ahmedabad allowed the assessee's appeal regarding denial of TDS credit following amalgamation and merger proceedings approved by NCLT. The tribunal held that resulting companies in demergers and transferee companies in transfers are eligible to claim TDS credit even when certificates are in the name of demerged/transferor companies. The CPC had considered income but denied corresponding TDS credit. The tribunal set aside CIT(A)'s order and directed AO to allow TDS credit after verifying relevant income assessment, noting the assessee was both deductor and deductee company was merged entity. en-us Thu, 04 Jul 2024 00:00:00 +0530 Mon, 08 Jul 2024 08:40:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=755180 ITAT Ahmedabad allowed the assessee's appeal regarding denial of TDS credit following amalgamation and merger proceedings approved by NCLT. The tribunal held that resulting companies in demergers and transferee companies in transfers are eligible to claim TDS credit even when certificates are in the name of demerged/transferor companies. The CPC had considered income but denied corresponding TDS credit. The tribunal set aside CIT(A)'s order and directed AO to allow TDS credit after verifying relevant income assessment, noting the assessee was both deductor and deductee company was merged entity. Case-Laws Income Tax Thu, 04 Jul 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=755180