ITAT Allows TCS Credit to Taxpayer Despite License Held by Third Party Due to Absence of Contradictory Evidence [Read Order]
The Bangalore Bench of Income Tax Appellate Tribunal ( ITAT ) allowed Tax collected at source ( TCS ) credits to the assessee despite the license was not in his name but the third party, there was no contradictory evidence that proved otherwise.
By Kavi Priya - On August 30, 2024 8:59 pm - 2 mins read
The Bangalore Bench of Income Tax Appellate Tribunal ( ITAT ) allowed Tax collected at source ( TCS ) credits to the assessee despite the license was not in his name but the third party, there was no contradictory evidence that proved otherwise. The assessee, Dolphin Bar & Restaurant, is engaged in the commercial activity…
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