https://www.taxtmi.com/caselaws?id=179632 The High Court upheld the ITAT's decision directing the Assessing Officer to allow full credit of T.D.S to the assessee, a secondary purchaser of bonds, at maturity. The Court agreed that the T.D.S credit should be given to the bondholder at maturity as per the CBDT circular and Section 199 of the Income Tax Act. The Court dismissed the revenue's appeals, ruling that the secondary purchaser was entitled to the T.D.S credit, based on the amended Section 199 and the CBDT circular guidelines. en-us Mon, 17 Dec 2007 00:00:00 +0530 Sat, 05 Mar 2016 18:15:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=179632 The High Court upheld the ITAT's decision directing the Assessing Officer to allow full credit of T.D.S to the assessee, a secondary purchaser of bonds, at maturity. The Court agreed that the T.D.S credit should be given to the bondholder at maturity as per the CBDT circular and Section 199 of the Income Tax Act. The Court dismissed the revenue's appeals, ruling that the secondary purchaser was entitled to the T.D.S credit, based on the amended Section 199 and the CBDT circular guidelines. Case-Laws Income Tax Mon, 17 Dec 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=179632