ITAT says TDS Credit Cannot Be Denied for a Procedural Mismatch

The trust had offered interest income to tax, but the corresponding TDS of ₹2.48 lakh appeared in the trustee's PAN because the securities had necessarily been held in the trustee's name. 

ITAT held that the Rule 37BA declaration is procedural where the beneficial ownership of the income and its taxation in the assessee's hands are established, and directed the CPC to grant the full TDS credit.