2022 (7) TMI 1153

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.... of the Income Tax Act, 1961 (hereinafter referred to as 'the Act') vide order dated 29.03.2017. 2. Grounds of appeal raised by the assessee are as follows: "1. On the facts and circumstances of the case as well as law on the subject, the learned Commissioner of Income Tax (Appeals), NFAC has erred in passing order on the basis of submissions made in statement of facts without sending notice of hearing on the email id. Mentioned in Form 35. 2. On the facts and circumstances of the case as well as law on the subject, the learned Commissioner of Income Tax (Appeals), NFAC has erred in confirming the action of Deputy Commission er of Income Tax (CPC) in allowing less credit on account of tax deducted at source to the exten....

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.... the other hand, Ld. Sr.DR for the Revenue submitted that this is a case for reconciliation of TDS amount which is not reflected in Form No.26AS. The Ld. Sr.DR argued that if the TDS is not getting reflected in Form No.26AS then Assessing Officer does not have power to allow the credit of TDS, based on the certificate only. However, this issue may be remitted back to the file of Assessing Officer with the direction to examine the TDS certificate and also to examine the FormNo.26AS. The ld DR also stated that it may also be possible that National Insurance Corporation Ltd ("NICL" for short) might have revised its TDS return, therefore, the assessing officer should examine this aspect also. 5. We have heard both the parties and perused the....