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Income Tax - Highlights / Catch Notes

Home Highlights December 2018 Year 2018 This

Denial of credit of TDS - corresponding income has not been ...

Income Tax

December 8, 2018

Denial of credit of TDS - corresponding income has not been offered to tax - TDS belongs of assessee or HUF - Revenue’s contention that the assessee instead of claiming the entire TDS amount ought to have sought a correction of vendor’s mistake would unnecessarily prolonged the entire process of seeking refund based on TDS credit.

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