TDS and Advance Tax Credits was allowable for Amalgamated Company as per section 199 r/w 198

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

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