Tuesday, February 15, 2011

TDS CREDIT RIGHT OF PAYEE- THE REFUND MADE TO THE TAX DEDUCTOR, EVEN IF WRONGFUL, HAS NO ADVERSE IMPACT ON THE RIGHTS OF THE ASSESSEE

Learned CIT(A) erred in not directing the AO to unconditionally grant full tax credit to the
appellant or the taxes deducted at source by Reliance Info comm Limited of Rs 24,41,58,046
and,consequently, grant refund of the said amount as the entire addition made by the AO was deleted
by the CIT(A).

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