https://www.taxtmi.com/caselaws?id=341485 TDS credit on FCCB interest, fully convertible debenture interest, and fees for technical services requires verification of actual deduction, deposit, lawful deductee status, inclusion of the related income in the claimant's hands, and absence of duplicate credit. Where the record does not conclusively establish these facts, the claim cannot be finally allowed at the appellate stage and must be examined by the Assessing Officer. The document also notes that only the assessee's actual share of FCCB interest may be brought to tax, subject to verification of the payer's records and the proper allocation of the amount among concerned entities. en-us Fri, 07 Apr 2017 00:00:00 +0530 Mon, 10 Apr 2017 10:24:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=341485 TDS credit on FCCB interest, fully convertible debenture interest, and fees for technical services requires verification of actual deduction, deposit, lawful deductee status, inclusion of the related income in the claimant's hands, and absence of duplicate credit. Where the record does not conclusively establish these facts, the claim cannot be finally allowed at the appellate stage and must be examined by the Assessing Officer. The document also notes that only the assessee's actual share of FCCB interest may be brought to tax, subject to verification of the payer's records and the proper allocation of the amount among concerned entities. Case-Laws Income Tax Fri, 07 Apr 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=341485