Excess credit, Income Tax

[shyamal roychowdhury]

My Client Submitted the income tax return for 2006-2007 with all relevent Papers & valid Returnswith all TDS CERTIFICATES IN original. Now he clamed sat Rs ilakh and actually valid TDS CERTIFICATE enclosed for the relevent year was say Rs 1.5 Lakh. While checking the TDS certificate it amounted to say Rs 1.50 lakhs . The Assessing officer says since your claim is Rs 1lakh , credit is given for for 1lakh . He refuses to take recognition of excess TDS CERTIFICATE . I understand that ther is dome decision either tribunal or some court that Tax certificates when valid But for clarical mistake credit cannot be denied . Can u pl give some indication . Further if the time for filling revised return expires what remedy is available for recovery of due of tax deducted. Thanks S. ROYCHOWDHURY

Posts / Replies

[Amit Gupta]

Yashpal Sahni 211 CTR 1 (Bom - HC)) Escorts Ltd.; 15 SOT 368 (Delhi ITAT) The above cases might be of help