https://www.taxtmi.com/caselaws?id=205511 The Tribunal upheld the Department's position that TDS credit cannot be claimed if the corresponding income is not offered for taxation. The decision in Progressive Construction Ltd. was considered less persuasive due to not considering the 1987 amendment to section 199. The Tribunal emphasized that TDS credit must align with the income assessable for taxation, irrespective of the accounting system used. As a result, the appeals of the Revenue were allowed, setting aside the CIT(A)'s order and restoring the Assessing Officer's decision. en-us Fri, 24 Sep 2010 00:00:00 +0530 Tue, 03 May 2016 15:53:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=205511 The Tribunal upheld the Department's position that TDS credit cannot be claimed if the corresponding income is not offered for taxation. The decision in Progressive Construction Ltd. was considered less persuasive due to not considering the 1987 amendment to section 199. The Tribunal emphasized that TDS credit must align with the income assessable for taxation, irrespective of the accounting system used. As a result, the appeals of the Revenue were allowed, setting aside the CIT(A)'s order and restoring the Assessing Officer's decision. Case-Laws Income Tax Fri, 24 Sep 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=205511