Deductor Failed to Deposit TDS: Assessee Still Entitled to Credit

Hemant Enterprises Vs ACIT (ITAT Pune) Deductor’s Default Can’t Punish Deductee: 26AS Not Gospel: TDS Credit Allowed Though Deductor Failed to Deposit Tax Pune ITAT held that Assessee cannot be denied TDS credit merely because deductor failed to deposit TDS with Government, once deduction of tax at source is established. In Hemant Enterprises Vs. ACIT, Circle-1, Nashik, CPC denied TDS credit of ₹27.14 lakh while processing return u/s 143(1) for AY 2019-20 as the amount was not reflected in Form 26AS, since deductor Mumbai WTR Pvt. Ltd. had deducted TDS but not remitted it. CIT(A)/NFAC up...