https://www.taxtmi.com/caselaws?id=450883 ITAT Jodhpur allowed the appeal of a senior citizen retired bank employee who was denied TDS credit due to initial mismatch. Though the assessee later rectified the TDS return and showed matching credit in TRACES, the AO rejected the section 154 application citing four-year limitation. The tribunal held that section 155 empowers the AO to rectify apparent tax credits, noting the genuine credit was supported by Form 16 and online records. The AO was directed to pass consequential order granting due tax credit to the assessee. en-us Wed, 13 Mar 2024 00:00:00 +0530 Thu, 14 Mar 2024 13:52:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=450883 ITAT Jodhpur allowed the appeal of a senior citizen retired bank employee who was denied TDS credit due to initial mismatch. Though the assessee later rectified the TDS return and showed matching credit in TRACES, the AO rejected the section 154 application citing four-year limitation. The tribunal held that section 155 empowers the AO to rectify apparent tax credits, noting the genuine credit was supported by Form 16 and online records. The AO was directed to pass consequential order granting due tax credit to the assessee. Case-Laws Income Tax Wed, 13 Mar 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=450883