TDS credit and Form 26AS mismatch require verification of corresponding income before credit is allowed.

TDS credit is allowable where the corresponding income has been offered to tax, and an apparent mismatch between Form 26AS and returned income requires factual verification. The assessee's claim was based on TDS reflected in Form 26AS, but credit was denied because the gross receipts in Form 26AS exceeded the income shown in the return. The matter was therefore restored to the jurisdictional assessing officer to verify whether the corresponding income had in fact been offered to tax and, if so, to allow the TDS credit.

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Issues: Whether the assessee was entitled to credit of tax deducted at source when the TDS reflected in Form 26AS exceeded the income shown in the return, and whether the matter required verification by the jurisdictional assessing officer.

Analysis: The TDS credit claimed by the assessee was reflected in Form 26AS. The denial rested on an apparent mismatch between the gross receipts in Form 26AS and the income shown in the return. Credit of TDS is allowable where the corresponding income has been offered to tax, and the factual verification of that aspect was necessary.

Conclusion: The matter was restored to the jurisdictional assessing officer to verify whether the corresponding income had been offered to tax and, if so, to grant the TDS credit.

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