TDS credit in updated Form 26AS must be allowed where corresponding income is taxed, subject to verification.

Updated Form 26AS supported the assessee's claim for TDS credit, and the corresponding income had already been offered to tax. As the Department did not dispute the correctness of the credit and sought only verification by the Assessing Officer, the order allowing credit subject to verification required no interference. The assessee was therefore entitled to the TDS credit reflected in the updated Form 26AS, subject to verification of the relevant particulars, and the Revenue's appeal failed.

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Issues: Whether the assessee was entitled to TDS credit as reflected in the updated Form 26AS and whether the Revenue's appeal against grant of such credit survived for adjudication.

Analysis: The updated Form 26AS showed the higher TDS credit claimed by the assessee, and the corresponding revenue had already been offered to tax. The Department did not dispute the correctness of the credit and sought only verification by the Assessing Officer. In these circumstances, the order granting credit subject to verification called for no interference.

Conclusion: The assessee was entitled to the TDS credit reflected in the updated Form 26AS, subject to verification by the Assessing Officer, and the Revenue's appeal failed.

Ratio Decidendi: TDS credit appearing in the updated Form 26AS must be granted when the corresponding income has been offered to tax, subject to verification of the relevant particulars.

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