Case Law Analysis
|Income Tax Appellate Tribunal
Section 205 IT Act | TDS Credit Not Deniable Solely on Form 26AS Mismatch; Actual Deduction Governs : ITAT Mumbai
The tribunal ruled that TDS credit under Section 205 is based on actual tax deduction, not merely Form 26AS reflection, and remanded the case for verification of the disputed Rs 43.72 lakh credit. This protects taxpayers from losing legitimate credits due to deductors' filing delays or errors.