https://www.taxtmi.com/caselaws?id=778011 ITAT MUMBAI held that TDS credit wrongly denied in the return must be allowed where the first holder declared only his share of dividend and the assessee proved the income was assessable in its hands. Relying on sub-rule (2) to Rule 37BA, the tribunal directed the AO to grant corresponding TDS credit after factual verification that the dividend income was offered to tax in the relevant years and that other deductees did not claim the corresponding TDS. Appeals allowed for statistical purposes. en-us Mon, 25 Aug 2025 00:00:00 +0530 Tue, 09 Sep 2025 08:38:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=778011 ITAT MUMBAI held that TDS credit wrongly denied in the return must be allowed where the first holder declared only his share of dividend and the assessee proved the income was assessable in its hands. Relying on sub-rule (2) to Rule 37BA, the tribunal directed the AO to grant corresponding TDS credit after factual verification that the dividend income was offered to tax in the relevant years and that other deductees did not claim the corresponding TDS. Appeals allowed for statistical purposes. Case-Laws Income Tax Mon, 25 Aug 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=778011