Swift India Corporate Services LLP vs. DCIT, ITO Circle 26(1)

Parties Involved

Facts Summary

Swift India Corporate Services LLP, a Limited Liability Partnership firm engaged in providing corporate advisory services, filed an appeal against the order of the Commissioner of Income Tax (Appeals) for the Assessment Year 2020-21. The appellant claimed a TDS credit of Rs.52,21,155/- but was granted only Rs.48,08,241/- by the Assessing Officer. The appellant also contested the charging of interest under Sections 234A and 234C of the Income Tax Act. The Tribunal found that the Commissioner of Income Tax (Appeals) did not decide the issue on merit and remanded the matter back to the Assessing Officer for further consideration.…

Legal Issues

• 1. Short-grant of credit of TDS amounting to Rs.4,12,914/-
• 2. Charging of interest under Sections 234A and 234C of the Act

Judgment Outcome

Decided in favour of Assessee.

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