Functional comparability governs software-service benchmarking: dissimilar companies are excluded, while related-party filters, margins and working-ca...
TDS credit for rental income remains available where the tenant has actually deducted tax but fails to deposit it with the Central Government. Actual deduction triggers statutory protection against a direct tax demand on the income recipient; the deductor's deposit default cannot undermine the recipient's income declaration or justify withholding credit. Recovery of the unpaid tax must be pursued against the tenant-deductor. Credit for tax deducted from rental income was therefore directed to be granted, and the appeal was allowed.
TDS credit for rental income remains available where the tenant has actually deducted tax but fails to deposit it with the Central Government. Actual deduction triggers statutory protection against a direct tax demand on the income recipient; the deductor's deposit default cannot undermine the recipient's income declaration or justify withholding credit. Recovery of the unpaid tax must be pursued against the tenant-deductor. Credit for tax deducted from rental income was therefore directed to be granted, and the appeal was allowed.
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