https://www.taxtmi.com/caselaws?id=450790 The ITAT Delhi held that an assessee is entitled to TDS credit even when corresponding income is not offered for taxation. The AO denied TDS credit claiming the assessee failed to declare related income in the return. The tribunal ruled that under Section 199(1), TDS deducted and deposited with the government creates automatic entitlement to credit regardless of whether income is disclosed or considered taxable. The decision was supported by precedents from Escorts Ltd. and Supreme Renewable Energy Limited cases, establishing that the Income Tax Department cannot refuse TDS credit merely because income wasn't declared in the return. en-us Mon, 11 Mar 2024 00:00:00 +0530 Tue, 12 Mar 2024 18:01:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=450790 The ITAT Delhi held that an assessee is entitled to TDS credit even when corresponding income is not offered for taxation. The AO denied TDS credit claiming the assessee failed to declare related income in the return. The tribunal ruled that under Section 199(1), TDS deducted and deposited with the government creates automatic entitlement to credit regardless of whether income is disclosed or considered taxable. The decision was supported by precedents from Escorts Ltd. and Supreme Renewable Energy Limited cases, establishing that the Income Tax Department cannot refuse TDS credit merely because income wasn't declared in the return. Case-Laws Income Tax Mon, 11 Mar 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=450790