https://www.taxtmi.com/caselaws?id=301162 The Tribunal reversed the Ld. CIT(A)'s decision to allow credit for TDS on a mobilization advance, stating that such credit can only be granted in the year when the income is assessable to tax. The Tribunal also addressed the cross objection by directing the assessing officer to allocate the TDS credit in line with the relevant provisions of the Act. Consequently, the appeal of the Revenue was allowed, and the cross objection of the assessee was disposed of accordingly. en-us Thu, 21 Dec 2017 00:00:00 +0530 Wed, 16 Mar 2022 10:16:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=301162 The Tribunal reversed the Ld. CIT(A)'s decision to allow credit for TDS on a mobilization advance, stating that such credit can only be granted in the year when the income is assessable to tax. The Tribunal also addressed the cross objection by directing the assessing officer to allocate the TDS credit in line with the relevant provisions of the Act. Consequently, the appeal of the Revenue was allowed, and the cross objection of the assessee was disposed of accordingly. Case-Laws Income Tax Thu, 21 Dec 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=301162