https://www.taxtmi.com/caselaws?id=310451 ITAT Mumbai allowed the assessee's appeal regarding TDS credit claim. The assessee recognized income in one financial year while the client deducted tax in the subsequent year when making payment, creating a timing mismatch. CIT(A) had dismissed the appeal citing this difference between Form 26AS and claimed TDS credit. ITAT held that under Section 199 read with Rule 37BA(3) of IT Rules 1962, TDS credit should be given for the assessment year in which corresponding income is assessable, following its own precedent in the assessee's case. en-us Fri, 14 Oct 2022 00:00:00 +0530 Thu, 26 Oct 2023 07:43:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=310451 ITAT Mumbai allowed the assessee's appeal regarding TDS credit claim. The assessee recognized income in one financial year while the client deducted tax in the subsequent year when making payment, creating a timing mismatch. CIT(A) had dismissed the appeal citing this difference between Form 26AS and claimed TDS credit. ITAT held that under Section 199 read with Rule 37BA(3) of IT Rules 1962, TDS credit should be given for the assessment year in which corresponding income is assessable, following its own precedent in the assessee's case. Case-Laws Income Tax Fri, 14 Oct 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=310451