https://www.taxtmi.com/caselaws?id=326455 The ITAT Hyderabad upheld the CIT(A)'s decision, allowing TDS credit to the assessees in a dispute over disallowance of TDS credit by the Assessing Officer. The tribunal ruled that the contract receipts formed part of the assessees' income computation, and subcontracting the project did not affect their entitlement to TDS credit. This decision aligned with the provisions of Section 199 and Rule 37BA of the Income Tax Act, emphasizing the importance of assessing the income subject to tax deduction to determine eligibility for TDS credit. en-us Fri, 11 Mar 2016 00:00:00 +0530 Fri, 15 Apr 2016 11:18:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=326455 The ITAT Hyderabad upheld the CIT(A)'s decision, allowing TDS credit to the assessees in a dispute over disallowance of TDS credit by the Assessing Officer. The tribunal ruled that the contract receipts formed part of the assessees' income computation, and subcontracting the project did not affect their entitlement to TDS credit. This decision aligned with the provisions of Section 199 and Rule 37BA of the Income Tax Act, emphasizing the importance of assessing the income subject to tax deduction to determine eligibility for TDS credit. Case-Laws Income Tax Fri, 11 Mar 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=326455