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Department to calculate 20% as per assessment order before giving effect to TDS/TCS
Case Law Details
- Case Name
- Orion Security Solutions P. Ltd. Vs DCIT (Delhi High Court)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2021-22
- Courts
- All High Courts, Delhi High Court
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Orion Security Solutions P. Ltd. Vs DCIT (Delhi High Court)
Headnote: TDS and TCS have to be adjusted against the amount arrived at by applying the rate of 20% against the tax crystalized as per the assessment order.
Facts in brief:
1. The Assessee had filed its return of income for the assessment year 2021-22 declaring a taxable income of Rs.1,04,06,610/-. The Assessing Officer (hereafter ‘the AO’) made an addition of Rs.146,72,96,789/- by way of an order passed u/s. 143(3) of the Income Tax Act, 1961 (hereafter ‘the Act’) on December 19, 2022, raising a tax demand o...
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