Full TDS Credit May Be Allowed to One Co-owner if Other Has Not Claimed – ITAT Remands

Suresh Viswanathan vs DCIT (ITAT Mumbai) Full TDS Credit May Be Allowed to One Co-owner if Other Has Not Claimed – ITAT Remands Assessee & spouse jointly sold property & offered capital gains equally. However, entire TDS was deducted in assessee’s name. CPC restricted TDS credit proportionately u/s 143(1), which was upheld ex-parte by CIT(A). Before ITAT, assessee contended that: Wife has offered her share of capital gains Paid tax separately Has not claimed any TDS credit ITAT held: No double claim of TDS → no revenue loss If wife has not claimed TDS, entire credit can be giv...