https://www.taxtmi.com/caselaws?id=203562 The Tribunal upheld the denial of credit for Tax Deducted at Source (TDS) by the Assessing Officer for the assessment year 2006-07. It was determined that credit for TDS should be allowed in the year in which the corresponding income is assessable, as per Sections 198 and 199 of the Income-tax Act, along with Rule 37BA. The Tribunal found that the previous decisions cited by the assessee did not consider the binding Third Member decision and were not applicable. Consequently, the Revenue's appeal was allowed, and the denial of TDS credit was upheld. en-us Fri, 10 Dec 2010 00:00:00 +0530 Fri, 20 Jan 2012 15:08:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=203562 The Tribunal upheld the denial of credit for Tax Deducted at Source (TDS) by the Assessing Officer for the assessment year 2006-07. It was determined that credit for TDS should be allowed in the year in which the corresponding income is assessable, as per Sections 198 and 199 of the Income-tax Act, along with Rule 37BA. The Tribunal found that the previous decisions cited by the assessee did not consider the binding Third Member decision and were not applicable. Consequently, the Revenue's appeal was allowed, and the denial of TDS credit was upheld. Case-Laws Income Tax Fri, 10 Dec 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=203562