2024 (12) TMI 822

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....Parimalsinh B. Parmar, AR For the Revenue : Shri V. Nandakumar, CIT-DR ORDER PER MAKARAND V. MAHADEOKAR, AM: This appeal is filed by the Revenue against the order of the Commissioner of Income Tax (Appeals), National Faceless Appeal Centre (NFAC), Delhi [hereinafter referred to as "CIT(A)"], dated 31.03.2024, for the Assessment Year (AY) 2019-20 arising out of order passed by the Asses....

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....der Section 154 before the AO for granting the correct amount of TDS credit. ii. The AO, vide rectification order dated 11.08.2022, did not accept the assessee's claim for higher TDS credit and restricted it to Rs. 165,66,37,908/- as originally claimed in the return of income. iii. Aggrieved, the assessee filed an appeal before the CIT(A). The CIT(A), after due consideration, all....

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....onding revenue from which the TDS was deducted is already offered for taxation. 6. In light of the Department's concession and the facts on record, we find no infirmity in the order of the CIT(A). The CIT(A) has correctly allowed the TDS credit as reflected in the updated Form 26-AS and directed the AO to verify and grant the credit. It is a settled principle of law that TDS credit appearin....