Form 26AS Discrepancy: ITAT allows ₹168.61 Crore TDS Credit, Directs AO to Verify Income

DCIT (Exemptions) Vs Deendayal Port Authority Administrative Officer (ITAT Ahmedabad) Income Tax Appellate Tribunal (ITAT) Ahmedabad has upheld the decision of the Commissioner of Income Tax (Appeals) [CIT(A)], allowing ₹168.61 crore TDS credit to Deendayal Port Authority Administrative Officer for AY 2019-20. The Revenue had challenged the CIT(A)’s decision, arguing that the TDS credit should be restricted to ₹165.66 crore, as initially claimed in the return. However, the assessee pointed to an updated Form 26AS, which reflected a higher TDS credit due to delayed payments and revised qu...