AO Must allow Advance Tax credit Despite Assessee Error: ITAT Mumbai

Damco India Pvt Ltd Vs CIT (ITAT Mumbai)

Introduction: In a recent landmark ruling on August 10, 2023, the Income-tax Appellate Tribunal (ITAT) Mumbai division sided with the taxpayer, Damco India Pvt Ltd. This case was brought against the Commissioner of Income Tax (CIT), specifically related to the issue of granting advance tax credits that were not claimed by the taxpayer.

Overview of the Case: Damco India Pvt Ltd challenged the earlier ruling passed

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