https://www.taxtmi.com/caselaws?id=263767 The Tribunal upheld the CIT(A)'s decision to allow the TDS credit of Rs. 13,76,800 to the assessee company. The Tribunal emphasized that the reimbursements made by the assessee on behalf of its holding company had no revenue impact as they were fully reimbursed within the same year. Citing legal provisions and precedents, the Tribunal concluded that the credit must be given once the tax is deposited, regardless of the taxability of the income. The Revenue's appeal was dismissed, and the CIT(A)'s order to allow the TDS credit was upheld. en-us Tue, 04 Aug 2015 00:00:00 +0530 Thu, 10 Sep 2015 08:18:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=263767 The Tribunal upheld the CIT(A)'s decision to allow the TDS credit of Rs. 13,76,800 to the assessee company. The Tribunal emphasized that the reimbursements made by the assessee on behalf of its holding company had no revenue impact as they were fully reimbursed within the same year. Citing legal provisions and precedents, the Tribunal concluded that the credit must be given once the tax is deposited, regardless of the taxability of the income. The Revenue's appeal was dismissed, and the CIT(A)'s order to allow the TDS credit was upheld. Case-Laws Income Tax Tue, 04 Aug 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=263767