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TDS claimed by the assessee can be treated as income of the assessee if the same has been taxed on substantive basis
Case Law Details
- Case Name
- ACIT Vs M/s IBN Media & Software Limited (ITAT Lucknow)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Courts
- All ITAT, ITAT Lucknow
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Brief Facts of the Case and Question
Brief Facts: The assessee has filed its return of income with correct TDS Details and TDS certificates for which credit has been claimed by the assessee, the amount of TDS is Rs.27,37,175/- with the corresponding income is Rs.13,51,17,561/- and whereas the Assessing officer added the amount of TDS as income of the Assessee.
Question Raised:
The Ld. CIT(A) has erred in law and on facts in deleting the addition of Rs.13,51,17,561/- made by the AO without appreciating the facts brought on record by the Assessing Officer that the TDS was claimed by the assesse...
