Tejpratap Singh Yadav Vs ITO (ITAT Agra)
Summary: The ITAT Agra allowed the appeal of Tejpratap Singh Yadav for A.Y. 2020-21 and directed the Assessing Officer to grant credit for the entire TDS of Rs. 4,06,250/- instead of Rs. 1,35,417/-. The appeal arose from the order dated 02.02.2026 passed by the CIT(A), NFAC, Delhi, which had sustained the restriction of TDS credit by the Assessing Officer.
The assessee had filed his return for A.Y. 2020-21 on 03.02.2021 declaring total income of Rs. 22,08,660/-. His case was marked as high risk under the e-verification scheme after the Revenue noticed mismatches of Rs. 27,08,333/- relating to rent received and Rs. 20,79,791/- relating to purchase of a motor vehicle. Reassessment proceedings were initiated under section 147 through notice under section 148 dated 26.03.2024.
During assessment, the assessee explained that the rented property was jointly owned by him, his mother Smt. Mradula Yadav and his sister Smt. Deepali Yadav. The property had been leased to State Bank of India, Karhal, Dist-Mainpuri, under a lease agreement covering the period from 26.09.2014 to 25.09.2024. The three co-owners received rental income of Rs. 40,62,500/- in their joint bank account and each declared a one-third share of the rental income in their respective returns.
