Tax credit for deductee allowed when deductor settles dispute; credit effective on settlement date and interest applies. Where a deductor settles its dispute under the resolution scheme, the deductee may claim credit of the tax for which the deductor obtained settlement, but ... Summary
Tax credit for deductee allowed when deductor settles dispute; credit effective on settlement date and interest applies.
Where a deductor settles its dispute under the resolution scheme, the deductee may claim credit of the tax for which the deductor obtained settlement, but the credit is allowed only as of the deductor's settlement date and the deductee's interest consequences are determined from that date.
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