Differential treatment with co-purchaser not allowed; ITAT Deletes Short TDS Demand

Sumit Yadav Vs ITO (ITAT Delhi) Parity Principle Saves Purchaser – ITAT Deletes Short TDS Demand-Same Facts, Same Relief – Father’s Case Accepted, Son’s Cannot Be Denied Assessee, along with his father Shri Bhupender Singh Yadav, purchased a flat in Gurgaon from an NRI seller, Shri Prashant Singh & Smt. Pooja Singh. At the time of agreement (13.04.2021), ₹5 lakh was paid. Seller obtained a lower deduction certificate u/s 197 on 06.07.2021 at 3%, but it was inadvertently issued only in the father’s name covering entire capital gains of ₹87.50 lakh. Later, on 26.11.2021, a ...