Bank had auctioned the property of the partnership firm in March,2014, the account of which was declared NPA and possession was with the bank. The auction was challenged in DRT and DRAT and I had to withdraw the case in June 2019. TDS @ 1% amounting to Rs. 266000 was not deposited by the auction purchaser . Instead bank debited this amount to my account without my consent and deposited the TDS in 2016 . Bank wrongly mentioned purchaser pan no. while filling the challan and as such the deduction was not shown in my account. Inspite of repeated request the necessary correction has not got done by the bank. I am deprived of the refund of this amount from the Income tax I am filling the returns with nil income but the TDS is not refunded. what steps can be taken by me

The bank auctioned our factory for Rs 3 crore and the auction purchaser paid the amount to the bank which was credited in our account. The bank debited TDS @ 1 per cent from our account and deposited the same online by filling challan no ITNS 280 under major head 0021 and minor head 800. The bank did not provide Form 16 B nor is the TDS is appearing in the income tax site of the firm. In spite of asking many times, the bank did not supply a copy of the Form 26 QB. On filing an RTI, it is now revealed from the copy of the Form 26 QB filed by the bank that they have mentioned the name, address and Pan No of the purchaser and, for the seller, mentioned the particulars of the bank. My Pan No or name and address of the firm is not mentioned. Please guide as to what should be done so that the credit of the TDS deducted from my account appears in our income tax site. Thanking you in advance.

Please provide correct advice in the following situation. We filed ROI for AY 2019-20 on 30-10-2019 and paid a tax amount of Rs 1,20,03,465/- under section 115JB. Above return was processed u/s 143 (1) by intimation dated 19-05-2020. The Company has deposited Advance tax of Rs. 40, 00,000/- and ITR -6 for AY 2019-20 was filed under Section 139 on 30-10-2019 to obviate any violation in Tax compliance including the TDS claim of Rs. 87,29,484/-. In the Intimation order the assessing officer had accepted the income and other claims of the Appellant but had demanded Rs 97,85,148/- as balance tax and interest. During the Assessment Year relevant to Previous Year 2018-19, the land under the ownership of the Assessee has been taken over by the Government for Guruvayur Dewaswam (GD). LA compensation of Rs.38565360/- (on 5- 2-2018), Rs.4,00,00,000/- (on 4-2-2019), and Rs.48,28,009/- on19-11-2020 were paid to the Petitioner Company. Deductor, GD did not deposit the TDS to government in relevant years, this resulted in the demand of Rs. 97,85,148/- on Company towards balance tax and interest in the intimation u/s 143 (1) dated 19-05-2020. GD deposited Rs.95,02,088 /- towards TDS and Rs.21, 25,421 /-towards TDS and interest on 30-1-2021 and filed TDS return for the Assessment Year 2021-22. (not AY 2019-20). Deductor is delaying filing revised TDS return in spite of many requests even by Income tax authorities. Can the Income tax department seek to recover Income tax with fine from Company for AY 2019-20, on mere fact that Petitioner could not account for deposit of such tax (TDS) (Rs.87,29,484/-, only because the deductor, after paying the compensation to Petitioner in relevant year, did not deposit TDS to government revenue? Should the assessee suffer for the fault of the deductor? We understand There is a bar under Section 205 and circular of CBDT in this matter.

Hi I deposited my Advance Tax cheque of Rs 30,300 for FY 2022-23 using Tax challan on 14 June 2022 I recd my Income tax order for FY 2022-23 with a demand as the above mentioned payment is missing in their record On further investigation , It was revealed that the Bank made a mistake in filing this Tax under wrong head Bank filed it under head 0023 which is for Hotel Receipts Tax instead of 0021 which is for Advance Tax I have been following it up at my Branch level but no resolution has been provided . What is the way out Thanks, Vikas