https://www.taxtmi.com/caselaws?id=357096 The court allowed both appeals, setting aside the Tribunal's orders. The court found that the assessee adequately explained the nature and source of the credits, emphasizing the genuineness of the transactions and the documentary evidence provided. The court directed the AO to adjust the TDS claim proportionately for the interest income. All significant legal issues were resolved in favor of the assessee, highlighting flaws in the lower authorities' reasoning and undue suspicion in their approach. en-us Fri, 23 Feb 2018 00:00:00 +0530 Tue, 18 Sep 2018 17:32:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=357096 The court allowed both appeals, setting aside the Tribunal's orders. The court found that the assessee adequately explained the nature and source of the credits, emphasizing the genuineness of the transactions and the documentary evidence provided. The court directed the AO to adjust the TDS claim proportionately for the interest income. All significant legal issues were resolved in favor of the assessee, highlighting flaws in the lower authorities' reasoning and undue suspicion in their approach. Case-Laws Income Tax Fri, 23 Feb 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=357096