2022 (4) TMI 1129

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....E: J V PRASAD SC FOR INCOME TAX ORDER : Per UB, J We have heard Mr. C.V.Narasimham, learned counsel for petitioner and Mr.J.V.Prasad, learned Standing Counsel for the Income Tax Department. 2. In this writ petition, petitioner has challenged the legality and validity of the Demand Notice dated 07.04.2021 issued by the 1st respondent for the Assessment Year 2018-19 under Section 156 of the Inc....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....for Tax Deduction at Source (TDS) for an amount of Rs. 11,46,220.00 only was granted against the claim of Rs. 16,19,410.00, thereby resulting in shortfall of TDS credit to the extent of Rs. 4,73,190.00. 5. Respondent No.1-Deputy Commissioner of Income Tax, Circle-5(1), Hyderabad has filed a Memo enclosing there with Rectification Order dated 04.12.2021. The Rectification Order reads as under : ....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....application dated 06/08/2021 stating that in the said rectification order, the interest u/s 234C has been wrongly charged at Rs. 46,71,624/- and requested to rectify the same. The claim of the assessee is verified and found to be correct. Accordingly, the rectification order passed u/s 154 of the Act dated 06/08/2021 is modified through this order." 6. Learned counsel for petitioner points out th....