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Income Tax - Highlights / Catch Notes

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TDS deducted in the name of the managing partner of the ...


TDS Credit Issue: Proceedings Against Petitioner Paused for Two Months to Utilize Rule 37BA(2) Option.

July 9, 2022

Case Laws     Income Tax     HC

TDS deducted in the name of the managing partner of the petitioner firm has not been given credit to in the name of the firm - Proceedings, if any, initiated against the petitioner for recovery of amounts due under Ext.P1 order of assessment shall be kept in abeyance for a period of two months to enable the petitioner to avail the option under Rule 37BA(2) of the Income Tax Rules. - HC

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