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Income Tax - Highlights / Catch Notes

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Non granting of TDS credit - assessment in hands of HUF v/s ...

Case Laws     Income Tax

July 6, 2023

Non granting of TDS credit - assessment in hands of HUF v/s Karta [individual] - In the present case the KARTA of HUF has not claimed the TDS in the individual’s returns. The A.O. cannot deny the credit of TDS in the assessee’s name when the corresponding capital gain on the said transaction was taxed in the assessee HUF’s name and cannot take benefit of the mistake crept in, in the sale deed. - AT

 

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