https://www.taxtmi.com/caselaws?id=770341 ITAT Chennai ruled in favor of the assessee regarding TDS credit mismatch. The buyer incorrectly deducted TDS @1% under section 194IA on sale consideration of Rs. 10.50 crores for agricultural land. Since section 194IA applies only to immovable property other than agricultural land, no TDS was required. The AO failed to consider agricultural income declared in the return while applying Rule 37BA. ITAT directed AO to grant full TDS credit claimed by the assessee. Appeal allowed. en-us Wed, 07 May 2025 00:00:00 +0530 Fri, 09 May 2025 09:12:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=770341 ITAT Chennai ruled in favor of the assessee regarding TDS credit mismatch. The buyer incorrectly deducted TDS @1% under section 194IA on sale consideration of Rs. 10.50 crores for agricultural land. Since section 194IA applies only to immovable property other than agricultural land, no TDS was required. The AO failed to consider agricultural income declared in the return while applying Rule 37BA. ITAT directed AO to grant full TDS credit claimed by the assessee. Appeal allowed. Case-Laws Income Tax Wed, 07 May 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=770341