Home Case Index All Cases Income Tax Income Tax + AT Income Tax - 2014 (10) TMI AT This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2014 (10) TMI 1037 - AT - Income TaxTDS credit - Revenue contends that once the assessee had not shown the aforesaid subscriptions as its own income, its TDS claim ought not to have been granted in the lower appellate proceedings - HELD THAT:- There is no quarrel about the factual position that the assessee had collected subscription at the behest of M/s Sun TV Network Ltd. Its payees could only deduct TDS in its name and not that of the latter entity which has already admitted these very payments in return filed. The 'tribunal' in identical circumstances [2013 (12) TMI 900 - ITAT CHENNAI] had held the assessee entitled for TDS credit u/s 199 - In our view, plea of ‘low tax effect’ does not merit acceptance as the department could have treated this issue as a recurring one. There is also no material on record to take a different view as well. In these circumstances, we hold that the CIT(A)’s findings do not warrant any interference. The Revenue’s grounds are rejected.
|