Denial of TDS Credit on Farmers Sales by Commission Agent: ITAT Relies on CBDT Circular to Grant Full Credit

The ITAT has granted full TDS credit to a taxpayer, relying on a CBDT circular in a case of "denial of TDS credit on farmers' sales by a commission agent." The tribunal found that the Assessing Officer's decision was in direct contravention of the CBDT circular, which clarifies that credit should be granted in such cases. The decision provides significant relief to commission agents and reinforces that tax authorities must adhere to the circulars and instructions issued by the board.