Denial of TDS Credit Unsustainable When Entries Duly Reflected in Form 26AS

Liebherr Werk Nenzing GMBH Vs ACIT (International Taxation) (ITAT Mumbai) ITAT Mumbai: Denial of TDS Credit Unsustainable When Entries Duly Reflected in Form 26AS – AO Directed to Allow ₹9.04 Lakh Credit Mumbai Tribunal has held that where tax deducted at source (TDS) is duly reflected in Form 26AS, denial of such credit on the ground of mismatch is unjustified. Assessee, an Austrian tax resident, filed return declaring income of ₹2.33 Cr and refund claim of ₹9.61 lakh after claiming TDS of ₹32.99 lakh as per Form 26AS. CPC, while rectifying the intimation u/s 143(1), granted credit ...