https://www.taxtmi.com/caselaws?id=795430 Reassessment proceedings cannot rest on recorded reasons founded on a materially incorrect transaction fact, including treating a property purchaser as its seller; the notice is invalid on that premise. TDS credit wrongly reflected in the purchaser's Form 26AS because the purchaser's PAN was entered in the seller's field in Form 26QB requires factual verification and manual correction where tax was deducted and deposited and no competing or double credit claim exists. Upon verification, consequential TDS credit should be granted in accordance with law. 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 Reassessment proceedings cannot rest on recorded reasons founded on a materially incorrect transaction fact, including treating a property purchaser as its seller; the notice is invalid on that premise. TDS credit wrongly reflected in the purchaser's Form 26AS because the purchaser's PAN was entered in the seller's field in Form 26QB requires factual verification and manual correction where tax was deducted and deposited and no competing or double credit claim exists. Upon verification, consequential TDS credit should be granted in accordance with law. Case-Laws Income Tax Tue, 30 Jun 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=795430