Disallowance of Exempt Allowances Due to Form 16 and Form 26AS Mismatch: ITAT Remits Matter to AO for Verification

The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) addressed a case where discrepancies between Form 16 and Form 26AS led to the disallowance of exempt allowances claimed by the assessee. The mismatch was attributed to errors in the employer's TDS filings. Recognizing that the assessee had provided necessary documentation to support his claims, the ITAT remitted the matter back to the Assessing Officer for verification, emphasizing the need for a fair reassessment.