Assessee filed Income Tax Return claiming TDS credit of Rs.23.66 crore, but Form 26AS did not reflect full credit.\u00a0 Assessing Officer disallowed excess TDS claim, adhering to CBDT guidelines requiring TDS credit to match Form 26AS.\u00a0 Assessee contended that Assessing Officer should allow TDS credit based on its claim, irrespective of Form 26AS.\u00a0 Commissioner (Appeals) remitted matter back to Assessing Officer for verification. On appeal the Tribunal held that the\u00a0 assessee had furnished various documents, including a copy of ITR acknowledgment and computation, Form 26AS, a chart of disallowed TDS claims, party-wise ledgers, and bank statements.\u00a0 However, those documents were not available before Assessing Officer when return was processed under section 143(1) and later rectified under section 154. Matter\u00a0 is remanded to the AO\u00a0 with the direction to allow the claim of deduction\u00a0\u00a0 of TDS\u00a0 irrespective of whether the claim is\u00a0 reflected in Form 26AS on account of default on part of deductors. (AY. 2019-20)<\/p>\n","protected":false},"excerpt":{"rendered":"
S. 199 : Deduction at source-Credit for tax deducted-Not reflected in Form 26AS-Submitted supporting documents-Matter remanded to Assessing Officer for proper verification.[S. 143(1), 154, 201, Form 26AS.] <\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[],"class_list":["post-55419","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-epR","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/55419","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/comments?post=55419"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/55419\/revisions"}],"predecessor-version":[{"id":55420,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/55419\/revisions\/55420"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=55419"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=55419"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=55419"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}