https://www.taxtmi.com/caselaws?id=354492 The Tribunal allowed the appeal, directing the AO to grant the TDS credit to the assessee. The decision was based on the interpretation that TDS should be credited in the year the corresponding income is offered for taxation, in line with Section 198 and 199 of the Income Tax Act. The Tribunal emphasized that under the cash system of accounting, income is recognized upon receipt, supporting the assessee's claim for the TDS credit in the relevant assessment year. en-us Tue, 23 Jan 2018 00:00:00 +0530 Tue, 30 Jan 2018 13:25:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=354492 The Tribunal allowed the appeal, directing the AO to grant the TDS credit to the assessee. The decision was based on the interpretation that TDS should be credited in the year the corresponding income is offered for taxation, in line with Section 198 and 199 of the Income Tax Act. The Tribunal emphasized that under the cash system of accounting, income is recognized upon receipt, supporting the assessee's claim for the TDS credit in the relevant assessment year. Case-Laws Income Tax Tue, 23 Jan 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=354492