Granting Credit for TDS under the Income Tax Act

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Last updated: 10 July 2021
Quick Summary
This Income Tax Appellate Tribunal ruling concerns appeals by both the revenue and the assessee, Arvind Products Ltd. (now merged with Arvind Ltd.), for assessment years 2009-10 to 2011-12. The core issue revolves around the disallowance of expenses related to dividend income under Section 14A of the Income Tax Act. The Assessing Officer made disallowances based on Rule 8D, which the assessee contested, arguing that investments were made from own funds and did not require day-to-day monitoring.

Court :
ITAT Ahmedabad

Brief :
These three appeals filed by revenue and three cross objections filed by assessee for A.Y. 2009-10 to 2011-12, arise from order of the CIT(A)-1, Ahmedabad dated 06-04-2015, in proceedings under section 143(3) of the Income Tax Act, 1961; in short “the Act”.

Citation :
ITA 2107/AHD/2015

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1 Year PLAN
1999
(Excl. of GST ₹359)

2 Years PLAN
3499
(Excl. of GST ₹629)

BEST VALUE
3 Years PLAN
4999
(Excl. of GST ₹899)

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