TDS Credit cannot be Denied to Developer following Percentage Completion Method If Buyer Deducted Tax at the Time of Execution of Sale Deed: ITAT [Read Order]

By Aparna. M - On January 27, 2023 6:00 pm - 2 mins read
TDS Credit - TDS - Developer - Buyer - Execution of Sale Deed - Sale Deed - Percentage Completion Method - Income Tax - ITAT - taxscan

The Ahmedabad bench of Income Tax Appellate Tribunal recently held Tax Deduction at Source could not be denied to developer following percentage completion method if buyer deducted Tax at the time of execution of sale deed. These appeals filed by the assessee Neelkanth Developers are against the order of National Faceless Appeal Centre (NFAC). Assessee…

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