Tribunal Restores Full TDS Credit of ₹37 Lakh to Employee

Mani Madhukar Bansal Vs ACIT/DCIT (ITAT Delhi) ITAT Delhi: Employee Cannot Be Punished for Employer’s Failure—Full TDS Credit of ₹37 Lakh Restored to Assessee In this appeal, Assessee, an ex-employee of Think & Learn Pvt Ltd (TLPL), challenged denial of TDS credit of ₹37,04,946, representing tax deducted by employer from gross salary of ₹1,04,07,665 for April–August 2023. Since TLPL neither deposited the TDS into the Government account nor filed quarterly TDS returns, the credit did not appear in Form 26AS, leading CPC to disallow the claim u/s 143(1). CIT(A) upheld the disallo...