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of <h1>Delhi High Court Rules Deductees Entitled to Tax Credit Even If Deductor Fails to Deposit TDS; Protects Rights.</h1> The Delhi High Court addressed a dispute involving Ninex Developers Ltd. and BDR Finvest Pvt Ltd., focusing on tax credit entitlement when the deductor fails to deposit tax deducted at source (TAS) with the government. Ninex deducted TAS on interest payments but did not deposit it, leading BDR Finvest to seek credit in a revised return, which was initially disallowed. The court ruled that BDR Finvest is entitled to TAS credit regardless of Ninex's failure to deposit it, emphasizing that the deductee should not be penalized for the deductor's non-compliance. This decision protects deductees' rights and clarifies tax credit entitlements.
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