https://www.taxtmi.com/caselaws?id=771212 The SC/Tribunal addressed TDS credit for jointly owned property sold by one co-owner. Despite TDS being deducted solely in the assessee's name, the Tribunal allowed full TDS credit. The key consideration was that all legal heirs offered their proportionate income to tax, and the assessee paid advance tax on behalf of co-owners. The ruling emphasized substantive compliance over technical procedural requirements, setting aside lower court orders and directing full TDS credit to the assessee. en-us Mon, 05 May 2025 00:00:00 +0530 Thu, 22 May 2025 08:21:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=771212 The SC/Tribunal addressed TDS credit for jointly owned property sold by one co-owner. Despite TDS being deducted solely in the assessee's name, the Tribunal allowed full TDS credit. The key consideration was that all legal heirs offered their proportionate income to tax, and the assessee paid advance tax on behalf of co-owners. The ruling emphasized substantive compliance over technical procedural requirements, setting aside lower court orders and directing full TDS credit to the assessee. Case-Laws Income Tax Mon, 05 May 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=771212