https://www.taxtmi.com/caselaws?id=429344 The court ruled in favor of the assessee, directing the Assessing Officer to credit the denied TDS amount of INR 12,74,469. The judgment emphasized the lack of legal basis to hold the appellant liable for the employer's TDS defaults based on his role as Vice President (Finance). The decision considered relevant provisions of the Income Tax Act, CBDT Circular, and Insolvency and Bankruptcy Code, concluding that the denial of TDS credit would lead to unjust double taxation, thereby resolving the TDS credit dispute in favor of the assessee. en-us Wed, 19 Oct 2022 00:00:00 +0530 Sat, 22 Oct 2022 10:05:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=429344 The court ruled in favor of the assessee, directing the Assessing Officer to credit the denied TDS amount of INR 12,74,469. The judgment emphasized the lack of legal basis to hold the appellant liable for the employer's TDS defaults based on his role as Vice President (Finance). The decision considered relevant provisions of the Income Tax Act, CBDT Circular, and Insolvency and Bankruptcy Code, concluding that the denial of TDS credit would lead to unjust double taxation, thereby resolving the TDS credit dispute in favor of the assessee. Case-Laws Income Tax Wed, 19 Oct 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=429344