TDS Credit Relief

The Bangalore Bench of the Income Tax Appellate Tribunal has held that tax deducted at source (TDS) cannot be denied merely because the assessee inadvertently omitted to claim the credit while filing the original return of income. 

The Tribunal observed that where the TDS is reflected in Form 26AS and the corresponding income has been offered to tax, the Revenue cannot retain the tax collected without authority of law. 

The matter was remanded to the Assessing Officer for verification and grant of the eligible TDS credit.