Assessee Entitled to Tax Refund Despite Defective ROI Filed with Non-Existing Entity's PAN, AO Must Grant Credit u/s 199.

Assessee Entitled to Tax Refund Despite Defective ROI Filed with Non-Existing Entity's PAN, AO Must Grant Credit u/s 199. https://www.taxtmi.com/highlights?id=70521 Refund of taxes TDS - Tax Credit u/s 199 - Defective ROI filled - PAN of a non existing entity (amalgamated) used for filing ROI - when ld AO has assessed income of the assessee independently i.e. Without considering the ROIs filed, he is duty bound to give credit of taxes u/s 199 of the Act. Accordingly due refund of taxes should be allowed to the assessee. - AT en-us Fri, 23 Jun 2023 09:04:16 +0530 Fri, 23 Jun 2023 09:04:16 +0530 TaxTMI RSS Generator Assessee Entitled to Tax Refund Despite Defective ROI Filed with Non-Existing Entity's PAN, AO Must Grant Credit u/s 199. https://www.taxtmi.com/highlights?id=70521 Refund of taxes TDS - Tax Credit u/s 199 - Defective ROI filled - PAN of a non existing entity (amalgamated) used for filing ROI - when ld AO has assessed income of the assessee independently i.e. Without considering the ROIs filed, he is duty bound to give credit of taxes u/s 199 of the Act. Accordingly due refund of taxes should be allowed to the assessee. - AT Highlights Income Tax Fri, 23 Jun 2023 09:04:16 +0530 https://www.taxtmi.com/highlights?id=70521