Landlord lost Rs.2.71 lakh TDS credit after SBI error; ITAT says tax department must give full credit
New Delhi, Aug. 19 -- The Income Tax Appellate Tribunal (ITAT), Agra, has directed the tax department to give a landlord credit for the full Rs.4.06 lakh tax deducted at source (TDS) after the tribunal found that State Bank of India (SBI) had inadvertently reported the entire TDS against his PAN instead of distributing it among three co-owners.
The ruling came in the case of Tejpratap Singh Yadav, who jointly owned a property with his mother, Mradula Yadav, and sister, Deepali Yadav. According to the ITAT's 30 July 2026 order, the three co-owners had leased the property to SBI for annual rent of Rs.40.62 lakh. Each co-owner declared one-third of the rental income in their respective income tax returns.
The tribunal recorded that SBI had...
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