ITAT allowed the appeal and directed the AO to grant TDS credit...

ITAT allowed the appeal and directed the AO to grant TDS credit to the anonymized assessee within 60 days. The Tribunal concluded that TDS is an onerous statutory obligation of the payer and, notwithstanding the employer's entry into CIRP and resultant moratorium under IBC s.9, the employee who produces conclusive evidence of salary deduction cannot be denied credit because the employer failed to deposit TDS. The Tribunal observed that civil consequences such as penalty and prosecution against the responsible officer remain available against the payer, but revenue's inaction cannot prejudice the assessee's right to credit. The appeal was allowed and relief granted as directed.