https://www.taxtmi.com/caselaws?id=263396 The Tribunal partially allowed the appeal, directing the Assessing Officer to verify and potentially grant the Tax Deducted at Source (TDS) credit to the assessee in accordance with Section 199 of the Income Tax Act. The decision emphasized that TDS credit should be given to the person from whose income the deduction was made, irrespective of the income declared in the return or Profit and Loss account. The Tribunal rejected the Assessing Officer's interpretation, ensuring compliance with the law and avoiding unjust enrichment for both the assessee and the tax department. en-us Fri, 21 Aug 2015 00:00:00 +0530 Thu, 03 Sep 2015 17:08:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=263396 The Tribunal partially allowed the appeal, directing the Assessing Officer to verify and potentially grant the Tax Deducted at Source (TDS) credit to the assessee in accordance with Section 199 of the Income Tax Act. The decision emphasized that TDS credit should be given to the person from whose income the deduction was made, irrespective of the income declared in the return or Profit and Loss account. The Tribunal rejected the Assessing Officer's interpretation, ensuring compliance with the law and avoiding unjust enrichment for both the assessee and the tax department. Case-Laws Income Tax Fri, 21 Aug 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=263396