Beneficial Owner Wins! TDS Cannot Be Denied Due to PAN Mismatch After Rule 37BA Compliance

Yogesh Chander & Sons HUF Hero Nagar Vs ITO (ITAT Chandigarh) Beneficial Owner Wins! TDS Cannot Be Denied Due to PAN Mismatch;  TDS Belongs to HUF, Not Karta! ITAT Restores Credit After Rule 37BA Compliance Assessee, a HUF, filed its return declaring income of ₹46,08,750 & claimed TDS credit of ₹4,57,068. CPC while processing u/s 143(1) allowed only ₹1,48,318 & disallowed ₹3,08,750 TDS on dividend income received from Hero MotoCorp Ltd. on the ground that such TDS was reflected in Form 26AS of the Karta (Individual) & not in the PAN of the HUF. CIT(A) upheld the denial...