https://www.taxtmi.com/caselaws?id=332736 Credit for tax deducted at source cannot be denied merely because the certificate names an earlier bond holder or mentions a different assessment year, where the income is assessable in the assessee's hands and no other person has claimed the credit. Applying section 199 of the Income-tax Act, 1961, the Tribunal accepted that the assessee had acquired the bonds, was entitled to the related interest income, and had offered that income to tax in the relevant year. The assessee was therefore entitled to the TDS credit and refund, and the Revenue's objection was rejected. en-us Fri, 12 Aug 2016 00:00:00 +0530 Sat, 24 Sep 2016 08:55:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=332736 Credit for tax deducted at source cannot be denied merely because the certificate names an earlier bond holder or mentions a different assessment year, where the income is assessable in the assessee's hands and no other person has claimed the credit. Applying section 199 of the Income-tax Act, 1961, the Tribunal accepted that the assessee had acquired the bonds, was entitled to the related interest income, and had offered that income to tax in the relevant year. The assessee was therefore entitled to the TDS credit and refund, and the Revenue's objection was rejected. Case-Laws Income Tax Fri, 12 Aug 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=332736