2025 (3) TMI 1768

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....e 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 31.01.2023, for the Assessment Year (AY) 2017-18, wherein the CIT(A) allowed the claim of the assessee for TDS cr....

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....luding the disallowance of CSR expenses. Pursuant to the revisionary order under section 263 of the Act, the AO passed a fresh assessment order under section 143(3) r.w.s. 263 of the Act, wherein the AO observed a clerical discrepancy in CSR expenses as per Form 3CD and the Profit & Loss account. The CSR expenses were initially recorded as Rs. 26,00,000 in Form 3CD, but in the Profit & Loss accoun....

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....TDS credit totaling to Rs. 1,42,83,11,367/- relying on the updated Form 26AS. The CIT(A) directed the AO to verify the updated Form 26AS and grant credit accordingly. 5. During the course of the hearing before us, the Learned Departmental Representative (DR) conceded the issue. The DR submitted that the Department does not contest the correctness of the TDS credit as determined by the CIT(A). T....