Case Law Details
Case Name : M/s. V.K. Lalco Pvt. Ltd. Vs DCIT (ITAT Mumbai)
Related Assessment Year : 2013-14
Courts :
All ITAT ITAT Mumbai
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M/s. V.K. Lalco Pvt. Ltd. Vs DCIT (ITAT Mumbai)
In this case the penalty was levied for wrong claim of TDS in the return of income to the tune of Rs.3,48,120/- without offering the corresponding income to tax. In fact this TDS did not belong to the assessee but appeared in the form No. 26AS and accordingly claimed by the assessee. Arguments of the Ld. Counsel was that in any case even if the TDS is claimed in the return of income, the credit is only allowed after verification of the TDS as appearing in form 26AS. We find that the only addition made in the assessment order was in respect of dis...
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