https://www.taxtmi.com/caselaws?id=119461 The Tribunal allowed the appeals, directing the Assessing Officer (AO) to grant credit for Tax Deducted at Source (TDS) in the assessment year 2003-04. It held that credit should be given in the year the income is assessable, provided a TDS certificate is furnished, even if submitted later. The Tribunal found the lower authorities unjustified in denying TDS credit, emphasizing compliance with statutory obligations and the necessity of a TDS certificate, aligning with the Income-tax Act, 1961, and the Finance Bill, 2002 amendments. en-us Fri, 11 May 2007 00:00:00 +0530 Tue, 23 Jan 2024 11:46:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=119461 The Tribunal allowed the appeals, directing the Assessing Officer (AO) to grant credit for Tax Deducted at Source (TDS) in the assessment year 2003-04. It held that credit should be given in the year the income is assessable, provided a TDS certificate is furnished, even if submitted later. The Tribunal found the lower authorities unjustified in denying TDS credit, emphasizing compliance with statutory obligations and the necessity of a TDS certificate, aligning with the Income-tax Act, 1961, and the Finance Bill, 2002 amendments. Case-Laws Income Tax Fri, 11 May 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=119461