Relief to Reliance Infra: ITAT Allows TDS Credit of Rs. 40.43 Crore as Deducted by Tata Power on Payment to Adani Electricity on Transfer of Business

By Fathima Karama A.M - On May 26, 2023 5:02 pm - 3 mins read
Relief to Reliance Infra - ITAT Allows TDS Credit - ITAT - TDS Credit - Tata Power on Payment to Adani Electricity on Transfer of Business - Transfer of Business - Taxscan

The Mumbai Bench of Income Tax Appellate Tribunal (ITAT) has granted relief to Reliance Infrastructure by allowing the Tax Deducted at Source (TDS) credit of Rs 40.43 crore deducted by Tata Power on payment to Adani Electricity, on transfer business. Reliance Infrastructure, the assessee, has appealed the CPC’s decision to deny it a TDS credit…

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