https://www.taxtmi.com/caselaws?id=795430 A bona fide PAN reporting error in Form 26QB may require verification and manual correction where tax was deducted and deposited, the credit appeared in the purchaser's Form 26AS because the seller's PAN field was incorrectly completed, and there is no non-payment or competing claim. On verification, consequential TDS credit should be granted in accordance with law. Reassessment cannot rest on recorded reasons founded on a materially incorrect factual premise, such as treating a purchaser of property as its seller. The notes identify rectification of departmental records and invalidity of such reassessment proceedings as the stated consequences. en-us Tue, 30 Jun 2026 00:00:00 +0530 Wed, 22 Jul 2026 08:48:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=795430 A bona fide PAN reporting error in Form 26QB may require verification and manual correction where tax was deducted and deposited, the credit appeared in the purchaser's Form 26AS because the seller's PAN field was incorrectly completed, and there is no non-payment or competing claim. On verification, consequential TDS credit should be granted in accordance with law. Reassessment cannot rest on recorded reasons founded on a materially incorrect factual premise, such as treating a purchaser of property as its seller. The notes identify rectification of departmental records and invalidity of such reassessment proceedings as the stated consequences. Case-Laws Income Tax Tue, 30 Jun 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=795430