This is premium content. Please become a Premium member. If you are already a member, login here to access the full content.
TDS and Advance Tax Credits was allowable for Amalgamated Company as per section 199 r/w 198
Case Law Details
- Case Name
- Deepshikha Trading Company Pvt. Ltd. Vs ITO (ITAT Kolkata)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2018-19
- Courts
- All ITAT, ITAT Kolkata
Upgrade to Basic or Premium to download.
Already Upgraded? Log in.
Advertisement
Deepshikha Trading Company Pvt. Ltd. Vs ITO (ITAT Kolkata)
Conclusion: Since the income of the amalgamating company had been included in the income of the amalgamated company as per the provisions of Section 199(1) of the Act read with Section 198 of the Act, the credit for the TDS made in respect of the income of the amalgamating company which was shown in the hands of the amalgamated company ought to have been allowed to the amalgamated company.
Held: Assessee, filed its return of income showing a total income of Rs. 16,92,420/-. The case was selected for scrutiny due to rea...
Author Info
