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2015 (10) TMI 2439 - AT - Income TaxMistake by mentioning wrong section in TDS challan - Held that:- In its grounds of appeal, department submitted that the assessee should have filed a correction statement to rectify the wrong section which has been quoted in the challan and in absence of that the credit has not been given to the assessee. It seems to us that once the challan is deposited with the bank, it would not be possible for assessee to retrieve the same and make any correction. However, as far as the TDS return is concerned, if there is any mistake, same can be rectified by filing the correction statement. It is not under dispute that assessee has deposited the TDS of ₹ 5,02,000/- under its own TAN. In the light of above discussion, we hereby direct the Revenue to allow the due credit of such TDS for ₹ 5,02,000/- to the assessee after verification of original challan.- Decided in favour of assessee.
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