Case Law Details
Siemens Industry Software Nv Vs ACIT (Delhi High Court)
Siemens Industry Software Nv, the petitioner, contended that an initial error in the TDS return filed by Axiscades Engineering Technologies Limited (AETL) instigated the reassessment proceedings against them. The error reflected the receipt of an amount equivalent to Rs.1,09,94,821/- from AETL by the petitioner, while in reality, it was another entity – Siemens Industry Software (India) Pvt. Ltd. (SISPL) that received the said amount.
A rectification in the TDS return submitted by AETL was subsequently carried out. The revised Form 26AS confirmed the correction of the error, hence not reflecting any withholding tax related to the transaction concerning the petitioner. As such, the Delhi High Court found it reasonable to allow the prayers made in the writ petition.
FULL TEXT OF THE JUDGMENT/ORDER OF DELHI HIGH COURT
1. Issue notice.
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