https://www.taxtmi.com/caselaws?id=761979 ITAT Ahmedabad upheld CIT(A)'s decision restricting TDS credit to Rs. 4,07,968 against claimed Rs. 5,24,600 under Section 143(1) intimation. The tribunal found no infirmity in CIT(A)'s interpretation of Section 199 read with Rule 37BA, confirming TDS credit should relate only to receipts reflected in the return for the relevant assessment year. However, ITAT directed AO to provide necessary TDS credit for income already returned to tax in preceding assessment years 2021-22 and 2022-23, acknowledging assessee's consistent plea regarding gross receipts of Rs. 5,24,60,000 including previously taxed amounts. Appeal dismissed with directions. en-us Tue, 19 Nov 2024 00:00:00 +0530 Thu, 21 Nov 2024 09:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=761979 ITAT Ahmedabad upheld CIT(A)'s decision restricting TDS credit to Rs. 4,07,968 against claimed Rs. 5,24,600 under Section 143(1) intimation. The tribunal found no infirmity in CIT(A)'s interpretation of Section 199 read with Rule 37BA, confirming TDS credit should relate only to receipts reflected in the return for the relevant assessment year. However, ITAT directed AO to provide necessary TDS credit for income already returned to tax in preceding assessment years 2021-22 and 2022-23, acknowledging assessee's consistent plea regarding gross receipts of Rs. 5,24,60,000 including previously taxed amounts. Appeal dismissed with directions. Case-Laws Income Tax Tue, 19 Nov 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=761979