23 July 2012
A Charitable Trust has Fixed Deposit with one of the Nationalised Bank. The Bank has deducted TDS but not paid in Central Govt. Account for the financial years 2008-09, 2009-10 and did not issue any TDS certificate to the Trust. The Trust has filed its retuns after getting it Audited without claiming any TDS. The Auditors of the Bank found the fact and Bank has paid TDS in Govt. account and filed TDS return accordingly. Thereafter they had issued a TDS certificate to the Trust. Trust get their revised Audit and filed Revised Return. But Assessing Officer informed that Assessment was done already and there is no meaning of Re-Assessment. What to do under such circumstances?