2026 (1) TMI 1412

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..... Ranjit Kaur (Addl. CIT) - Ld. Sr. DR (Virtual) ORDER 1. Aforesaid appeal by assessee for Assessment Year (AY) 2022- 23 arises out of an order of learned Addl. / Joint Commissioner of Income Tax (Appeals), NFAC [CIT(A)] dated 14-07-2025 in the matter of a rectification intimation issued by CPC u/s 154 of the Act on 26-09- 2024. The sole grievance of the assessee is allowance of TDS credit. ....

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....ission. The assessee is not the owner of the goods but merely acted as commission agent on behalf of the farmers. As per CBDT Circular No.452 dated 17-03-1986, only commission income would constitute business receipts of the assessee. However, Ld. CIT(A) rejected the said claim and upheld the action of CPC in terms of Rule 37BA (2). Aggrieved, the assessee is in further appeal before us. 3. Fro....