FUJI ELECTRIC INDIA PRIVATE LIMITED,CHENNAI vs. DEPUTY COMMISSIONER OF INCOME TAX, CORPORATE CIRCLE 1(1), CHENNAI

In the result the appeal of the Assessee is partly allowed for statistical purposes

Bench: Shri Manu Kumar Giri & Shri S. R. Raghunatha

Section 199, TDS is applicable only when payment is made or credited to a specific payee’s account. Section 199

IDFC LIMITED,CHENNAI vs. JCIT-RANGE-II, CHENNAI

In the result, the appeal of the assessee in ITA No

TDS while\ndistributing the income from venture capital undertaking to the unit-holders.\nHence, on overall conspectus of the provisions, we note that, qua the\nincome derived by VCF from investment in venture capital undertaking, it\nenjoys pass through status in as much as the income itself is exempt from\ntax in their hands and they are also not required

M/S. N.C. RAJAGOPAL & CO.,,CHENNAI vs. DCIT, CPC,, BENGALURU

In the result, the appeal filed by the assessee is allowed for statistical purposes

Bench: Shri V. Durga Rao & Shri G. Manjunathaआयकर अपील सं./Ita No.: 817/Chny/2020 िनधा"रण वष" / Assessment Year: 2017-18

section 199 & 200 of the Act, credit for TDS should be allowed when the income pertains to TDS has been

M/S PKF SRIDHAR & SANTHANAM LLP,CHENNAI vs. DCIT , CHENNAI

In the result, the appeals filed by the assessee for assessment years 2018-19 & 2019-20 are allowed for statistical purposes

Bench: Shri V. Durga Rao & Shri G. Manjunathaआयकर अपील सं./Ita Nos.: 669 & 670/Chny/2022 िनधा"रण वष" / Assessment Years: 2018-19 & 2019-2020

section 199 & 200 of the Act, credit for TDS should be allowed when the income pertains to TDS has been

M/S PKF SRIDHAR & SANTHANAM LLP,CHENNAI vs. DCIT , CHENNAI

In the result, the appeals filed by the assessee for assessment years 2018-19 & 2019-20 are allowed for statistical purposes

Bench: Shri V. Durga Rao & Shri G. Manjunathaआयकर अपील सं./Ita Nos.: 669 & 670/Chny/2022 िनधा"रण वष" / Assessment Years: 2018-19 & 2019-2020

section 199 & 200 of the Act, credit for TDS should be allowed when the income pertains to TDS has been

ACIT NON CORPORATE CIRCLE 10(1), CHENNAI vs. METRO TUNNELLING CHENNAI L & T SUCG JV, CHENNAI

In the result, the appeal filed by the Revenue stands dismissed

Bench: Shri George Mathan & Shri Inturi Rama Rao

Section 199 of the Act credit for TDS can be given in the year in which corresponding income is offered

M/S POTHYS,CHENNAI vs. DCIT, CENTRAL CIRCLE-1(3), CHENNAI

The appeal is allowed

Bench: Hon’Ble Shri Manoj Kumar Aggarwal, Am & Hon’Ble Shri Manu Kumar Giri, Jm आयकरअपील सं./ Ita No. 1360/Chny/2023 (िनधा"रणवष" / Assessment Year: 2020-21) M/S. Pothys, Vs. The Deputy Commissioner Of No.15, Dr.Nageswara Rao Road, Income Tax, T. Nagar, Central Circle 1(3), Chennai – 600 017. Chennai. [Pan: Aaffp 2437B] (अपीलाथ"/Appellant) (""यथ"/Respondent) अपीलाथ" क" ओर से/ Appellant By : Shri N. Arjun Raj, Advocate For Shri Y. Sridhar, Ca ""यथ" क" ओर से /Respondent By : Shri Ar.V. Srinivasan, Addl. Cit सुनवाई क" तारीख/Date Of Hearing : 09.05.2024 घोषणा क" तारीख /Date Of Pronouncement : 15.05.2024 आदेश / O R D E R Manu Kumar Giri ()

TDS statement. The revenue is right in contending that Section 234(E) of the Act is meant to ensure that assessee files the statement in time, so that the Department can clear the returns of thepersons connected with the assessee, i.e., from whom tax has been deducted at source without any delay and accurately with increasing or overloading the burden

TANJORE PALACE DEVASTHANAM,THANJAVUR vs. DCIT, BENGALURU

In the result, all the appeal of the Assessee in I

Bench: Shri G. Manjunatha & Shri Anikesh Banerjee

section. The fee are charged automatically and so there is no question of accepting the rectification u/s.154 of the Act. So, he relied on the order of the learned CIT(A). 5.2. Mr. Sridhar, the learned Counsel of the Assessee vehemently argued and mentioned that the mistake of law can be rectified. During the appeal proceedings

TANJORE PALACE DEVASTANAM,THANJAVUR vs. DCIT,CPC, BENGALURU

In the result, all the appeal of the Assessee in I

Bench: Shri G. Manjunatha & Shri Anikesh Banerjee

section. The fee are charged automatically and so there is no question of accepting the rectification u/s.154 of the Act. So, he relied on the order of the learned CIT(A). 5.2. Mr. Sridhar, the learned Counsel of the Assessee vehemently argued and mentioned that the mistake of law can be rectified. During the appeal proceedings

TANJORE PALACE DEVASTHANAM,THANJAVUR vs. DCIT,CPC, BENGALURU

In the result, all the appeal of the Assessee in I

Bench: Shri G. Manjunatha & Shri Anikesh Banerjee

section. The fee are charged automatically and so there is no question of accepting the rectification u/s.154 of the Act. So, he relied on the order of the learned CIT(A). 5.2. Mr. Sridhar, the learned Counsel of the Assessee vehemently argued and mentioned that the mistake of law can be rectified. During the appeal proceedings

TANJORE PALACE DEVASTHANAM,THANJAVUR vs. DCIT,CPC,TDS, BANGALORE

In the result, all the appeal of the Assessee in I

Bench: Shri G. Manjunatha & Shri Anikesh Banerjee

section. The fee are charged automatically and so there is no question of accepting the rectification u/s.154 of the Act. So, he relied on the order of the learned CIT(A). 5.2. Mr. Sridhar, the learned Counsel of the Assessee vehemently argued and mentioned that the mistake of law can be rectified. During the appeal proceedings

TANJORE PALACE DEVASTHANAM,THANJAVUR vs. DCIT,CPC,TDS, BANGALORE

In the result, all the appeal of the Assessee in I

Bench: Shri G. Manjunatha & Shri Anikesh Banerjee

section. The fee are charged automatically and so there is no question of accepting the rectification u/s.154 of the Act. So, he relied on the order of the learned CIT(A). 5.2. Mr. Sridhar, the learned Counsel of the Assessee vehemently argued and mentioned that the mistake of law can be rectified. During the appeal proceedings

TANJORE PALACE DEVASTANAM,THANJAVUR vs. DCIT,CPC, BENGALURU

In the result, all the appeal of the Assessee in I

Bench: Shri G. Manjunatha & Shri Anikesh Banerjee

section. The fee are charged automatically and so there is no question of accepting the rectification u/s.154 of the Act. So, he relied on the order of the learned CIT(A). 5.2. Mr. Sridhar, the learned Counsel of the Assessee vehemently argued and mentioned that the mistake of law can be rectified. During the appeal proceedings

TANJORE PALACE DEVASTANAM,TANJORE vs. DCIT,CPC, BENGALURU

In the result, all the appeal of the Assessee in I

Bench: Shri G. Manjunatha & Shri Anikesh Banerjee

section. The fee are charged automatically and so there is no question of accepting the rectification u/s.154 of the Act. So, he relied on the order of the learned CIT(A). 5.2. Mr. Sridhar, the learned Counsel of the Assessee vehemently argued and mentioned that the mistake of law can be rectified. During the appeal proceedings

TANJORE PALACE DEVASTANAM,THANJAVUR vs. DCIT,CPC, BENGALURU

In the result, all the appeal of the Assessee in I

Bench: Shri G. Manjunatha & Shri Anikesh Banerjee

section. The fee are charged automatically and so there is no question of accepting the rectification u/s.154 of the Act. So, he relied on the order of the learned CIT(A). 5.2. Mr. Sridhar, the learned Counsel of the Assessee vehemently argued and mentioned that the mistake of law can be rectified. During the appeal proceedings

TANJORE PALACE DEVASTANAM,THANJAVUR vs. DCIT,CPC,TDS, BANGALORE

In the result, all the appeal of the Assessee in I

Bench: Shri G. Manjunatha & Shri Anikesh Banerjee

section. The fee are charged automatically and so there is no question of accepting the rectification u/s.154 of the Act. So, he relied on the order of the learned CIT(A). 5.2. Mr. Sridhar, the learned Counsel of the Assessee vehemently argued and mentioned that the mistake of law can be rectified. During the appeal proceedings

TANJORE PALACE DEVASTHANAM,TANJAVUR vs. DCIT,CPC, BENGALURU

In the result, all the appeal of the Assessee in I

Bench: Shri G. Manjunatha & Shri Anikesh Banerjee

section. The fee are charged automatically and so there is no question of accepting the rectification u/s.154 of the Act. So, he relied on the order of the learned CIT(A). 5.2. Mr. Sridhar, the learned Counsel of the Assessee vehemently argued and mentioned that the mistake of law can be rectified. During the appeal proceedings

SHRIRAM CREDIT COMPANY LTD.,CHENNAI vs. DCIT CORPORATE CIRCLE 6(1), CHENNAI

In the result, the appeal filed by the Revenue is dismissed and the appeal filed by the assessee is partly allowed

Bench: Shri V. Durga Rao & Shri G. Manjunathaआयकर अपील सं./I.T.A. No.1199/Chny/2018 िनधा"रण वष"/Assessment Year: 2014-15 The Deputy Commissioner Of Vs. M/S. Shriram Credit Company Income Tax, Corporate Circle 6(1) I/C, Limited, Shriram House, No. 4, Aayakar Bhavan, Wanaparthy Burkit Road, T. Nagar, Block, 7Th Floor, 121, M.G. Road, Chennai 600 042. Chennai 600 034. [Pan:Aagcs4497N] (अपीलाथ"/Appellant) (""थ"/Respondent) आयकर अपील सं./I.T.A. No.1307/Chny/2018 िनधा"रण वष"/Assessment Year: 2014-15 M/S. Shriram Credit Company Vs. The Deputy Commissioner Of Limited, Mookambika Complex, Income Tax, No. 4, Lady Desika Road, Corporate Circle 6(1), Mylapore, Chennai 600 004. Chennai 600 034. (अपीलाथ"/Appellant) (""थ"/Respondent) Department By : Shri P. Sajit Kumar, Jcit Assessee By : Shri R.Sivaraman, Advocate सुनवाई की तारीख/ Date Of Hearing : 30.03.2022 घोषणा की तारीख /Date Of Pronouncement : 13.04.2022 आदेश /O R D E R Per V. Durga Rao: Both The Appeals Filed By The Revenue As Well As Assessee Are Directed Against The Order Of The Ld. Commissioner Of Income Tax (Appeals) 15, Chennai Dated 26.12.2017 Relevant To The Assessment

section 199 of the Act, an assessee can claim credit for TDS against the income declared. There is no provision