https://www.taxtmi.com/caselaws?id=395377 The Tribunal allowed the appeal of the assessee, ruling that the denial of credit of TDS on rental income collected under the agreement with the Government was not justified. The Tribunal determined that the rent collected was the assessee's income, and the rent paid to the Government was its expense, characterizing the arrangement as a lease in and lease out agreement. Consequently, the Tribunal held that the credit of TDS should be granted to the assessee, disagreeing with the Assessing Officer and CIT(A) on this issue. en-us Fri, 15 May 2020 00:00:00 +0530 Tue, 19 May 2020 10:51:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=395377 The Tribunal allowed the appeal of the assessee, ruling that the denial of credit of TDS on rental income collected under the agreement with the Government was not justified. The Tribunal determined that the rent collected was the assessee's income, and the rent paid to the Government was its expense, characterizing the arrangement as a lease in and lease out agreement. Consequently, the Tribunal held that the credit of TDS should be granted to the assessee, disagreeing with the Assessing Officer and CIT(A) on this issue. Case-Laws Income Tax Fri, 15 May 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=395377