9911796707
TMI BlogRevenue authorities cannot restrict tax deducted at source (TDS) credit based on assessee's original...Revenue authorities cannot restrict tax deducted at source (TDS) credit based on assessee's original income tax return. When refund arises from appellate order, assessing officer must grant full TDS credit reflected in Form 26AS, along with applicable interest u/s 244A from April 1 of relevant assessment year. TDS deposited is treated as tax paid u/s 199, entitling assessee to interest. Assessing officer cannot limit TDS credit to return disclosures while giving effect to appellate order. Restricting legitimate TDS credit is illegal and inequitable. High Court quashed impugned order, directing revenue to allow full TDS credit per Form 26AS and recompute refund accordingly. ..... X X X X Extracts X X X X X X X X Extracts X X X X
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