Ircon Davanagere Haveri Highway Limited Vs. DCIT

Parties Involved

Facts Summary

The assessee company, Ircon Davanagere Haveri Highway Limited, filed its return of income for the year under consideration on 27.10.2022. Subsequently, the company received an intimation order under Section 143(1) dated 13.06.2023, wherein the benefit of credit of TDS amounting to Rs.3,85,94,966/- was not allowed by the DDIT, CPC, despite the same amount being reflected in Form 26AS of the assessee company. The assessee company filed a rectification petition under Section 154 of the Act on 18.12.2023 against the said intimation order before the ACIT, Circle 10 (1), Delhi, which is pending as on date. The assessee company also filed an appeal against the order of the AO under Section 143(1), and relief was subsequently granted under Section 154 of the Act by the Ld. CIT(A).…

Legal Issues

• 1. Whether the Ld. CIT(A) erred in confirming the action of the Ld. AO in passing the impugned order under Section 154 dated 01-03-2024.
• 2. Whether the action of the Ld. CIT(A) in confirming the action of the Ld. AO is bad in law and against the facts and circumstances of the case.
• 3. Whether the Ld. CIT(A) erred in confirming the action of the Ld. AO in not allowing the credit of prepaid taxes of Rs.4,41,36,846/- as claimed by the assessee.

Judgment Outcome

Decided in favour of Revenue.

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