TDS Credit denied – Corresponding income ought to have been reduced – Section 154

Nimeshkumar Kamleshbhai Thakkar Vs DCIT (ITAT Surat) The ld Counsel submits that assessee has claimed TDS amounting to Rs.4,83,295/-at the time of filing his return of income and the same was not fully allowed at the time of processing of return of income u/s 143(1) of the Act. That is, the assessee was not allowed TDS credit to the tune of Rs.4,79,052/-. We note that difference in TDS appears to be on account of TDS certificate issued to assessee by National Insurance Co. Ltd. from the commission amount paid to assessee and the amount of TDS reflected in Form No.26AS. It is possible that late...