https://www.taxtmi.com/caselaws?id=214318 The High Court allowed the appeals by reversing previous orders and restoring assessments. It clarified that while assessees were not entitled to credit of tax on interest income based on TDS certificates issued by banks, they were entitled to credit of tax based on the same TDS certificates in the relevant assessment year. The court rejected the objection of maintainability raised by respondents and proceeded to consider appeals on merits, citing a substantial question of law regarding tax deduction at source assessments. en-us Mon, 02 Jan 2012 00:00:00 +0530 Wed, 27 Jun 2012 08:28:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=214318 The High Court allowed the appeals by reversing previous orders and restoring assessments. It clarified that while assessees were not entitled to credit of tax on interest income based on TDS certificates issued by banks, they were entitled to credit of tax based on the same TDS certificates in the relevant assessment year. The court rejected the objection of maintainability raised by respondents and proceeded to consider appeals on merits, citing a substantial question of law regarding tax deduction at source assessments. Case-Laws Income Tax Mon, 02 Jan 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=214318