https://www.taxtmi.com/caselaws?id=211436 The High Court held that assessees are entitled to credit for Tax Deducted at Source (TDS) in the assessment year when the income is returned for assessment, as per Section 199 of the Income Tax Act and Rule 37BA. The Court ruled that credit for TDS cannot be claimed in years where the income was not assessed. The Court allowed Departmental appeals, denying TDS credit in years where income was not assessed, and directed assessees to claim credit in the year of assessment based on TDS certificates. The Court emphasized adherence to statutory provisions and the timing of claiming TDS credit. en-us Mon, 02 Jan 2012 00:00:00 +0530 Wed, 21 Mar 2012 08:30:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=211436 The High Court held that assessees are entitled to credit for Tax Deducted at Source (TDS) in the assessment year when the income is returned for assessment, as per Section 199 of the Income Tax Act and Rule 37BA. The Court ruled that credit for TDS cannot be claimed in years where the income was not assessed. The Court allowed Departmental appeals, denying TDS credit in years where income was not assessed, and directed assessees to claim credit in the year of assessment based on TDS certificates. The Court emphasized adherence to statutory provisions and the timing of claiming TDS credit. Case-Laws Income Tax Mon, 02 Jan 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=211436