Buhler India Pvt. Ltd. Vs DCIT (ITAT Bangalore)
Assessee contends that the AO has not granted it TDS credit to the extent of Rs.2,68,927/- as reflected in the 26AS of the assessee. In the circumstances, as contended above, we direct the AO to examine / verify the assessee’s claim that of short grant of credit for TDS to the extent of Rs.2,68,927/- . Also read: Is addition made on the basis of Form 26AS, Justified?
FULL TEXT OF THE ORDER OF ITAT BANGALORE
This appeal by the assessee is directed against the order of CIT(A) – 1, Bangalore, dated 31.08.2017 for Assessment Year 2011-12.
2. Briefly stated, the facts of the case are as under:-
2.1 The assessee, a company engaged in business of manufacture, trading, servicing and maintenance of food processing machines, filed its return for Assessment Year 2011-12 on 28.11.2011 and subsequently a revised return of income on 24.08.2012 declaring income of Rs.11,82,67,813/-. The case was taken up for scrutiny for this Assessment Year and the assessment was concluded under section 143(3) of the Income Tax Act, 1961 (in short ‘the Act’) vide order dated 23.03.2015 wherein the assessee’s income was determined at Rs.26,49,55,970/-. The assessee’s appeal was disposed off by the CIT(A)-1, Bangalore vide order dated 31.08.2015.
