TCS Credit Given to Person in Whose hand corresponding income is assessed to tax

Million Traders Bhopal Pvt. Ltd Vs ADIT (ITAT Indore) ITAT Indore held that the credit of the tax collected at source should be given to the person in whose hands the income is rightfully and finally assessed to tax in accordance with law, irrespective of the person in whose hands the TDS/TCS certificate has been issued at first place. Facts- The solitary grievance of the assessee is regarding non allowance of the credit of TCS collected by the Excise Department of State of M.P. in respect of the purchase of liquor due to nonappearance in the PAN account of the assessee company but reflected i...