Political contribution deductions require genuine transactions; banking records and party registration alone cannot defeat evidence of accommodation e...
Post-death GST liability permits fresh proceedings against legal representatives, while discontinued-business recovery remains limited to the inherite...
Non-confirmation of FEMA seizure prevents adjudicators from overriding pending appellate findings on recorded reasons and suspected foreign asset hold...
Credit of the tax deducted at source (TDS) as TDS deducted by the employer - mis-match of tax deducted u/s 192 and the amount reflected in Form 26AS - The Court acknowledged the challenge faced by taxpayers when the tax deducted at source by the employer is not fully credited. They noted various reasons for this, including mismatches between the details uploaded by the deductor and those furnished by the assessee. The Court emphasized the statutory provision of Section 205 of the Income Tax Act, which states that the assessee shall not be required to pay tax to the extent it has been deducted at source. - Emphasizing Section 205 of the Income Tax Act and related CBDT circulars, the Court directed the department to grant credit for TDS to the petitioner.
Credit of the tax deducted at source (TDS) as TDS deducted by the employer - mis-match of tax deducted u/s 192 and the amount reflected in Form 26AS - The Court acknowledged the challenge faced by taxpayers when the tax deducted at source by the employer is not fully credited. They noted various reasons for this, including mismatches between the details uploaded by the deductor and those furnished by the assessee. The Court emphasized the statutory provision of Section 205 of the Income Tax Act, which states that the assessee shall not be required to pay tax to the extent it has been deducted at source. - Emphasizing Section 205 of the Income Tax Act and related CBDT circulars, the Court directed the department to grant credit for TDS to the petitioner.
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TaxTMI 
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