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Case lawHigh Court › Munchener Ruckversicherungs Gesellshaft AG v CIT (International Taxation)
High CourtHelps taxpayers.155(14)s.199s.264s.143(1)s.143(3)s.154s.203s.90

Munchener Ruckversicherungs Gesellshaft AG v CIT (International Taxation)

The deductor credited the TDS late, so it turned up in 26AS only after I had filed. The department says I should have revised my return, and refuses credit because I never offered the income to tax. Is there a way back?

The deductor credited the TDS late, so it turned up in 26AS only after I had filed. The department says I should have revised my return, and refuses credit because I never offered the income to tax. Is there a way back?

Yes - s.155(14). The Delhi High Court held that s.155(14) places the Assessing Officer under a statutory obligation to amend the assessment or intimation once the certificate or the updated Form 26AS is produced, and that the sub-section neither contemplates nor mandates the original return being amended or revised. It also held that the Commissioner was wrong to require the income to be offered to tax where the assessee had consistently and uncontestedly said the receipt was not taxable in India.

Decided by the High Court (Yashwant Varma J and Ravinder Dudeja J) on 2024-09-03, reported as W.P.(C) 14280/2023 (High Court of Delhi at New Delhi). It bears on section 155(14), section 199, section 264, section 143(1), section 143(3), section 154, section 203, section 90 of the Income Tax Act 1961, in TDS Defaults, Refunds, Interest & Condonation and Revision & Rectification matters.

Still good law. Decided 3 September 2024. Whether the Revenue has taken it further, and whether any other High Court has taken a different view of s.155(14), was NOT checked.

Why it matters

Section 155(14) is the statutory route back for a credit lost because the certificate was not filed with the return, and it is almost never used - it carries an obligation on the officer, a two-year window from the end of the assessment year in which the income is assessable, and it works on an intimation under s.143(1) as much as on an assessment order. Two practical points come out of the case. First, the department's habitual answer - 'you should have filed a revised return' - is not a legal answer, because the sub-section is designed for exactly the case where the credit surfaced after filing. Second, the officer's refusal is amenable to a s.264 revision and, if that fails, to a writ; here the s.264 order was quashed and refund with statutory interest was directed. Read the proviso before relying on the case: s.155(14) is expressed not to apply unless the income from which the tax was deducted has been disclosed in the return for the relevant year, and the Court did not analyse that proviso against these facts, where the receipt was returned as not taxable.

Binding within that High Court's jurisdiction. Persuasive elsewhere.

Not yet CA-verified. This entry was found through the sources listed under the Sources tab, and the summary reflects what those sources say. Nobody has yet read the full judgment and signed it off. Check the source before relying on it.

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Related

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