https://www.taxtmi.com/caselaws?id=433746 The Tribunal allowed the appeal, overturning the order disallowing credit under section 143(1) for tax deducted at source by the employer but not deposited. The Tribunal held that the credit for tax deducted at source should be allowed to the deductee under section 143(1) irrespective of the subsequent deposit by the deductor. The decision clarified that the tax deduction at source by the employer warrants the benefit of such deduction to the deductee, ensuring that the deductee is not penalized for the employer's failure to deposit the deducted amount. en-us Mon, 30 Jan 2023 00:00:00 +0530 Wed, 08 Feb 2023 07:36:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=433746 The Tribunal allowed the appeal, overturning the order disallowing credit under section 143(1) for tax deducted at source by the employer but not deposited. The Tribunal held that the credit for tax deducted at source should be allowed to the deductee under section 143(1) irrespective of the subsequent deposit by the deductor. The decision clarified that the tax deduction at source by the employer warrants the benefit of such deduction to the deductee, ensuring that the deductee is not penalized for the employer's failure to deposit the deducted amount. Case-Laws Income Tax Mon, 30 Jan 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=433746