https://www.taxtmi.com/caselaws?id=437355 The Appellate Tribunal allowed the appeal filed by a Non-Banking Financial Company (NBFC) regarding the denial of refund of TDS credit. Despite the Commissioner's dismissal based on a prior rejection by higher authorities, the Tribunal ruled in favor of the assessee. Emphasizing the importance of ensuring only legitimate taxes are collected, the Tribunal granted the benefit of the TDS credit to the assessee, stating that the mistake in not claiming it in the return of income should not deprive them of this entitlement. en-us Tue, 02 May 2023 00:00:00 +0530 Thu, 04 May 2023 09:18:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=437355 The Appellate Tribunal allowed the appeal filed by a Non-Banking Financial Company (NBFC) regarding the denial of refund of TDS credit. Despite the Commissioner's dismissal based on a prior rejection by higher authorities, the Tribunal ruled in favor of the assessee. Emphasizing the importance of ensuring only legitimate taxes are collected, the Tribunal granted the benefit of the TDS credit to the assessee, stating that the mistake in not claiming it in the return of income should not deprive them of this entitlement. Case-Laws Income Tax Tue, 02 May 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=437355