ITAT Allows TDS Credit as Denial Was Due to Inadvertent Omission by AO

Yamaha Motor Solutions (India) Pvt. Ltd. Vs PCIT (ITAT Delhi) TDS credit, being prepaid tax, cannot be denied when it has already been allowed in a rectification order and there is no dispute regarding mismatch or non-reporting of the corresponding income. Issue: Whether denial of TDS credit of ₹99,54,581 in the assessment order under section 143(3) was sustainable when the same credit had already been granted by the Revenue in an order under section 154, and whether consequential interest under sections 234A and 234B could survive. Facts: The assessee filed its return for AY 2018-19 claim...