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Income Tax - Highlights / Catch Notes

Home Highlights January 2017 Year 2017 This

Credit of TCS denied - the nature of TCS is nothing but tax ...


TCS Credit Denied Despite Recognition by Income Tax Act; Procedural Rules Shouldn't Block TCS Credit Access.

January 20, 2017

Case Laws     Income Tax     AT

Credit of TCS denied - the nature of TCS is nothing but tax which has been statutorily recognised in the Income tax Act, and the Rules are enabling and procedural in nature and absence thereof cannot result in denial of credit of TCS. - AT

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