TDS credit available to Rinfra as both income and TDS credit is transferred by AEML to Rinfra

DCIT Vs Reliance Infrastructure Limited (ITAT Mumbai)

ITAT Mumbai held that genuine TDS credit to Rinfra cannot be denied merely because credit of TDS didn’t reflected in Form 26AS as on account of transfer of business, Adani Electricity Mumbai Ltd. (AEML) transferred the income and TDS credit to Reliance Infrastructure Ltd. (Rinfra).

Facts- The return of the assessee was processed u/s 143(1) vide Intimation dated 08.06.2022 wherein credit for TDS of Rs. 40.43 crore was

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