Tax dept denies Rs 73 lakh TDS credit as taxpayer being unaware did not claim it in ITR; ITAT Mumbai gives relief to taxpayer

The Income Tax Appellate Tribunal Mumbai has ruled in favour of a taxpayer. The tribunal stated that the tax department must ...
Tax Guru

No Addition Solely on Form 26AS Mismatch Where Books Are Audited: ITAT Bangalore

The ITAT held that income addition based solely on Form 26AS differences cannot survive when books are audited and no defects are ...
Tax Guru

TDS Credit Cannot Be Denied Due to Reporting Mismatch

The dispute concerned denial of TDS credit citing inconsistencies in reported transaction values. The ruling clarified that ...
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TDS mismatch can't cost you Rs 1 crore: ITAT Mumbai quashes tax demand on Form 26AS

In a significant relief for taxpayers, the Income Tax Appellate Tribunal (ITAT) Mumbai has quashed a Rs 1 crore tax demand raised solely due to a TDS mismatch in Form 26AS, reaffirming that Section ...
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Taxpayer wins case in ITAT Mumbai: Rs 1 crore tax demand quashed after TDS mismatch in Form 26AS

A taxpayer from Mumbai was in a tough spot when the TDS credit of Rs 96 lakh (96,12,846) was missing from his Form 26AS. Despite reporting the corresponding income in his ITR and paying the necessary ...