Deloitte Haskins and Sells LLP vs. Assistant Director of Income tax

Parties Involved

Facts Summary

The appeal was preferred by the assessee against the order passed by the Commissioner of Income Tax (Appeals) for the Assessment Year 2019-20. The assessee raised several grounds of appeal, primarily concerning the validity of the order, credit for tax deducted at source, and the levy of interest under various sections of the Income-tax Act, 1961. The appeal was heard by Shri Om Prakash Kant, Accountant Member, and Ms. Kavitha Rajagopal, Judicial Member. The assessee's counsel argued that the order was invalid and that the Assessing Officer should grant full credit for tax deducted at source. The Revenue's counsel did not object to the submission of the assessee's counsel.…

Legal Issues

• 1. Validity of the order passed by the Commissioner of Income Tax (Appeals)
• 2. Credit for tax deducted at source amounting to Rs.24,18,04,355/-
• 3. Levy of interest of Rs.25,56,711 u/s. 234A of the Act
• 4. Levy of interest of Rs.6,91,40,622 u/s. 234B of the Act
• 5. Levy of interest of Rs.1,92,20,835 u/s. 234C of the Act
• 6. General ground of appeal

Judgment Outcome

Decided in favour of Assessee.

Precedents Relied Upon

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