Demand for short TDS deduction due to wrong quoting of PAN not sustainable if mistake of quoting wrong PAN rectified in revised TDS return

It is the case of the revenue that the assessee has not furnished correct PAN of Shri Prafull Kumar Jain, PAN mentioned in the original TDS return in respect of the above deductee was not valid/correct. Therefore, the assessing officer was justified in adopting the TDS rate of 20% as against 10%. However, it is seen that the assessee has filed the revised TDS return by quoting the correct PAN which was accepted by the department. We find that it is not a case that PAN of payees available with the assessee was not correct but this is a case wh

Please become a Premium member. If you are already a Premium member, login here to access the full content.