Home Case Index All Cases Income Tax Income Tax + AT Income Tax - 2023 (4) TMI AT This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2023 (4) TMI 27 - AT - Income TaxDisallowing the claim of brought forward TDS u/s 199 read with rule 37BA - as submitted related income is properly declared in the Income Tax Return and was also appearing in previous Form 26AS of that earlier Assessment Year - HELD THAT:- Considering the totality of the facts and provision of section 199 of the Act and Rule 37BA of the Income Tax Rules, 1962, it would sub-serve the interest of justice, if the matter is restored to the AO who would verify the correctness of the claim of the assessee regarding the income corresponding to brought forward TDS was offered to tax in the concerned Assessment Year. No credit was claimed in respect of the TDS under consideration in the relevant year. If the AO finds that no credit was taken related to the income offered in that particular AY, he would allow the set off of TDS brought forward - Ground raised by the assessee is allowed for statistical purposes.
|