https://www.taxtmi.com/caselaws?id=430161 The appeal involved the issue of non-grant of credit for tax deducted at source (TDS) amounting to Rs.26,61,695 for the assessment year 2016-17. The assessee's claim for TDS credit was initially rejected by the Centralized Processing Centre (CPC) and the Commissioner of Income-Tax (Appeals). However, considering that the income related to the TDS was taxable in the assessment year 2016-17 as per the assessee's accounting principle, and the TDS amount was not claimed in the subsequent year, the assessee was deemed entitled to the credit. The Assessing Officer was directed to grant the credit accordingly, resulting in the appeal being allowed. en-us Thu, 10 Nov 2022 00:00:00 +0530 Sat, 12 Nov 2022 09:14:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=430161 The appeal involved the issue of non-grant of credit for tax deducted at source (TDS) amounting to Rs.26,61,695 for the assessment year 2016-17. The assessee's claim for TDS credit was initially rejected by the Centralized Processing Centre (CPC) and the Commissioner of Income-Tax (Appeals). However, considering that the income related to the TDS was taxable in the assessment year 2016-17 as per the assessee's accounting principle, and the TDS amount was not claimed in the subsequent year, the assessee was deemed entitled to the credit. The Assessing Officer was directed to grant the credit accordingly, resulting in the appeal being allowed. Case-Laws Income Tax Thu, 10 Nov 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=430161