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IN THE INCOME TAX APPELLATE TRIBUNAL VISAKHAPATNAM BENCH, VISAKHAPATNAM.

(Through Virtual Hearing)

BEFORE SHRI RAVISH SOOD, JUDICIAL MEMBER AND SHRI MADHUSUDAN SAWDIA, ACCOUNTANT MEMBER आ.अपी.सं /ITA No.45/Viz/2025 (निर्धारण वर्ा/Assessment Year:2018-19)

The Yanam Co-operative Stores Principal Commissioner of Income Limited, Yanam. Vs. Tax, Visakhapatnam.

PAN:AADFT3518R (Appellant) (Respondent) निर्धाररती द्वधरध/Assessee by: Shri Harsha Haridasu, C.A.

रधजस् व द्वधरध/Revenue by:: Dr. Satyasai Rath, CIT-DR सुिवधई की तधरीख/Date of hearing: 26/03/2025 घोर्णध की तधरीख/Pronouncement: 15/04/2025 आदेश/ORDER PER MADHUSUDAN SAWDIA, A.M.:

This appeal is filed by The Yanam Co-operative Stores Limited (“the assessee”), feeling aggrieved by the order passed by the Learned Principal Commissioner of Income Tax, Visakhapatnam-1 (“Ld. PCIT”), dated 28.11.2024 for the A.Y. 2018-19.

2. The assessee has raised the following grounds :

“ The refund was issued after due verification of TDS records in Form 26AS, which reflected a TDS credit of Rs.2,86,834/-. The refund arose due to excess TDS paid, and as per section 237 of the Income Tax Act, a taxpayer is entitled to claim a refu