TDS Credit Cannot Be Denied for Employer’s Failure to Deposit Tax: ITAT Mumbai

Aditya Ramniwas Dhoot Vs DCIT (ITAT Mumbai) The assessee filed a return of income for AY 2022-23 declaring total income of ₹70,36,750 and claimed TDS credit of ₹18,10,000. While processing the return under Section 143(1) of the Income-tax Act, 1961, the CPC allowed TDS credit of only ₹60,000. Aggrieved by the denial of the balance TDS credit, the assessee filed a first appeal. The appellate authority directed the Assessing Officer (AO) to provide the assessee an opportunity of being heard, verify whether the TDS related to income offered to tax during the relevant assessment year by exam...