Form 26AS Is Key: ITAT Restores TDS Credit Despite No Claim in Return

Samhith Fintech Pvt Ltd Vs DCIT (ITAT Hyderabad) Procedural lapse can’t forfeit TDS credit: ITAT directs grant of Form 26AS credit despite no claim in return Hyderabad ITAT  allowed the assessee’s appeal &  set aside denial of TDS credit of ₹6.66 lakh. Tribunal noted that TDS was duly deducted in the name of the assessee &  clearly reflected in Form 26AS, but credit was denied by CPC &  upheld by CIT(A) solely because the assessee had inadvertently failed to claim the credit in the return of income. ITAT held that section 199 of the Act creates a substantive right to TDS ...