https://www.taxtmi.com/caselaws?id=768070 The Tribunal addressed the denial of TDS credit by the CPC, which was based on procedural grounds as the TDS was not reflected in the appellant's Form No. 26AS. The Tribunal found this inequitable since neither the trust nor the appellant received the credit. It directed the Assessing Officer to verify and allow the TDS credit, emphasizing equitable treatment. Additionally, the Tribunal ruled that income from the trust should be taxed in the appellant's hands under section 161(1) of the Income-tax Act, as the appellant is the sole beneficiary. The appeal was allowed for statistical purposes, ensuring the appellant's rights are upheld. en-us Fri, 21 Feb 2025 00:00:00 +0530 Mon, 31 Mar 2025 08:41:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=768070 The Tribunal addressed the denial of TDS credit by the CPC, which was based on procedural grounds as the TDS was not reflected in the appellant's Form No. 26AS. The Tribunal found this inequitable since neither the trust nor the appellant received the credit. It directed the Assessing Officer to verify and allow the TDS credit, emphasizing equitable treatment. Additionally, the Tribunal ruled that income from the trust should be taxed in the appellant's hands under section 161(1) of the Income-tax Act, as the appellant is the sole beneficiary. The appeal was allowed for statistical purposes, ensuring the appellant's rights are upheld. Case-Laws Income Tax Fri, 21 Feb 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=768070