Transferee Company eligible to take credit of TDS Deducted in Transferor Company’s Hands Upon HC’s Amalgamation Scheme Approval

Popular Complex Advisory Pvt. Ltd. Vs ITO (ITAT Kolkata) The Income Tax Appellate Tribunal (ITAT) Kolkata heard the appeal in the case of Popular Complex Advisory Pvt. Ltd. vs. ITO regarding the eligibility of a transferee company to claim TDS (Tax Deducted at Source) credit in an amalgamation scheme. This article provides an overview of the case and its implications. Background of the Case: This appeal was filed by Popular Complex Advisory Pvt. Ltd. (the assessee) against the order of the Learned Commissioner of Income-tax (Appeals) [Ld. CIT(A)] dated 24.04.2023 for the Assessment Year (AY) ...