https://www.taxtmi.com/caselaws?id=754861 ITAT Bangalore ruled on TDS credit allowance disputes for assessment years 2015-16 and 2016-17. For 2015-16, the tribunal held that TDS credit and corresponding income must be claimed together in the same assessment year when income accrues to the assessee. The matter was remitted to AO for fresh consideration. For 2016-17, citing Section 199(3) and Rule 37BA(3), the tribunal allowed TDS credit in the year income was reported, provided the assessee hadn't claimed credit elsewhere and furnished an undertaking against double claims. The CIT(A) order was set aside and restored to AO for granting credit per tribunal's observations. en-us Mon, 05 Feb 2024 00:00:00 +0530 Mon, 01 Jul 2024 10:46:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=754861 ITAT Bangalore ruled on TDS credit allowance disputes for assessment years 2015-16 and 2016-17. For 2015-16, the tribunal held that TDS credit and corresponding income must be claimed together in the same assessment year when income accrues to the assessee. The matter was remitted to AO for fresh consideration. For 2016-17, citing Section 199(3) and Rule 37BA(3), the tribunal allowed TDS credit in the year income was reported, provided the assessee hadn't claimed credit elsewhere and furnished an undertaking against double claims. The CIT(A) order was set aside and restored to AO for granting credit per tribunal's observations. Case-Laws Income Tax Mon, 05 Feb 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=754861