ITAT Slams Revenue for Wrongly Denying TDS Credit on Property Sale to Non-Resident

Amardeep Sandhu Vs ITO (ITAT Chandigarh) The Income Tax Appellate Tribunal (ITAT), Chandigarh, has ordered the Income Tax Department to refund ₹37,88,470 to a Canadian non-resident, Amardeep Sandhu, within one month. The dispute arose from an incorrect adjustment made by the Central Processing Centre (CPC), Bengaluru, which resulted in a short grant of tax deducted at source (TDS) credit on the sale of a property. Sandhu, a non-resident Indian, sold a house in Chandigarh for ₹4,65,00,000. The buyer, as per Indian tax laws, deducted 26% of the sale price, amounting to ₹1,20,90,000, as TDS...