2023 (5) TMI 841 - AT - Income Tax

Revenue recognition - Differential amount of TDS - Difference of TDS between the amount of TDS of assessee and the ITS data available - Assessee submitted that he had already recognized the income constituting 90% of the fee which was realized during the AY 2016-17 and only TDS component had not been recognized as the same was not reflecting in Form 26AS as on the date of filing of return and this is a case of double taxation - HELD THAT:- As in the interest of justice, we remit this issue to the file of the AO who shall examine the assessee’s claim that the assessee has already recognized the income in AY 2016-17 itself. To the extent revenue has been recognized in AY 2016-17, the assessee shall be granted relief. Needless to say that the assessee be given opportunity of being heard. Appeal of the assessee stands allowed for statistical purpose.