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2017 (11) TMI 514 - AT - Income TaxNon grant of Credit of TDS - following cash system of accounting - TDS has been claimed this year but income for the same has not been taken in gross receipts - Held that:- The assessee would be entitled to credit of the entire TDS offered as income by the assessee in his return of income. The tax credit was allowed to the assessee of ₹ 94,60,649/- instead of ₹ 97,36,440/-. In other words, the issue remains relating to non grant of credit of ₹ 2,75,791/- i.e. the difference of ₹ 97,36,440/- less ₹ 94,60,649/-. Levy of interest u/s 234B & u/s 234 C - Held that:- The same is not leviable as the main issue is allowed.
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