https://www.taxtmi.com/caselaws?id=763118 ITAT Delhi set aside the order regarding short allowance of TDS credit by CPC under section 143(1). The CPC had restricted TDS credit by computing it in ratios of turnover as per P&L versus turnover as per 26AS. The tribunal found that neither CPC nor the appellate authority verified whether the two buyers deducted TDS on purchase values inclusive of GST or whether GST was indicated separately in bills. The matter was restored to AO for proper verification and allowance of TDS credit after due opportunity, following CBDT Circular No.13 of 2021 regarding section 194Q guidelines. en-us Mon, 18 Nov 2024 00:00:00 +0530 Fri, 13 Dec 2024 07:23:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=763118 ITAT Delhi set aside the order regarding short allowance of TDS credit by CPC under section 143(1). The CPC had restricted TDS credit by computing it in ratios of turnover as per P&L versus turnover as per 26AS. The tribunal found that neither CPC nor the appellate authority verified whether the two buyers deducted TDS on purchase values inclusive of GST or whether GST was indicated separately in bills. The matter was restored to AO for proper verification and allowance of TDS credit after due opportunity, following CBDT Circular No.13 of 2021 regarding section 194Q guidelines. Case-Laws Income Tax Mon, 18 Nov 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=763118