Taxpayer wins case in ITAT Mumbai: Rs 1 crore tax demand quashed after TDS mismatch in Form 26AS

A Mumbai taxpayer successfully challenged a Rs 1 crore tax demand at ITAT Mumbai after Form 26AS failed to reflect TDS credit. Despite paying taxes, the demand arose due to the deductor's failure to deposit or report TDS. ITAT ruled that credit cannot be denied solely based on Form 26AS, emphasizing Section 205 of the Income Tax Act.