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TDS Credit Restricted Wrongly: ITAT Cites Double Deduction Error on Same Sales
Case Law Details
- Case Name
- Nature Delight Multi State Co-operative Dairy & Agro Products Limited Vs DCIT (ITAT Pune)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2013-24
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Nature Delight Multi State Co-operative Dairy & Agro Products Limited Vs DCIT (ITAT Pune)
Double TDS on the same transaction under Sections 194-O & 194-Q cannot justify proportionate denial of TDS credit- CPC must verify actual duplication before restricting credit.
Assessee, a multi-state co-operative dairy society, filed its return declaring income of ₹8,60,430 & claimed TDS credit of ₹22,62,226. CPC, while processing the return u/s 143(1), restricted the TDS credit to ₹19,63,053, disallowing ₹2,99,186 on the ground that Assessee’s declared turnover (₹82.84 crore) was...
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