2025 (9) TMI 500

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....aptioned appeals by the assessee, arise out of two separate orders passed by Additional Commissioner of Income Tax (Appeals)-4, Bengaluru ('Addl. CIT(A) for short), pertaining to the assessment years (A.Y.) 2023-24 and 2024-25. 2. The only common issue arising in both the appeals relates to non-grant of TDS credit claimed in the return of income. 3. Briefly the facts are, in the return of in....

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....ly after ensuring that the deductor had filed the correct statement and the TDS credit gets reflected in the PAN of the assessee. 6. We have heard the parties and perused the materials available on record. Undisputedly, the assessee along with his siblings had purchased shares in a company in the name and style of J. B. Advani and Company Private Limited. In the share certificate, assessee's br....

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....s been denied on the ground that in Form No. 26AS, no such TDS credit is available in their name. 7. On a perusal of the impugned order of learned First Appellate Authority, it is very much clear that not only the first holder - Mr. Deep Lalvani had furnished a declaration that he has offered his share of dividend income and claimed only corresponding TDS and not the entire TDS. However, despit....