https://www.taxtmi.com/caselaws?id=439547 The Tribunal allowed the appeal of the assessee, directing the Assessing Officer to verify the TDS credit claim of Rs. 16,58,287 and consider the taxability of receipts from the sale of software in accordance with the Supreme Court decision. The Tribunal held that the denial of TDS credit was incorrect as the income was recognized in the relevant year, and the tax was deducted by customers in a subsequent year. The decision regarding the taxability of software sale receipts was based on a subsequent interpretation of law by the Supreme Court, leading to the allowance of the appeal. en-us Fri, 23 Jun 2023 00:00:00 +0530 Tue, 27 Jun 2023 15:03:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=439547 The Tribunal allowed the appeal of the assessee, directing the Assessing Officer to verify the TDS credit claim of Rs. 16,58,287 and consider the taxability of receipts from the sale of software in accordance with the Supreme Court decision. The Tribunal held that the denial of TDS credit was incorrect as the income was recognized in the relevant year, and the tax was deducted by customers in a subsequent year. The decision regarding the taxability of software sale receipts was based on a subsequent interpretation of law by the Supreme Court, leading to the allowance of the appeal. Case-Laws Income Tax Fri, 23 Jun 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=439547