https://www.taxtmi.com/caselaws?id=757471 The ITAT Delhi held that TDS credit can only be granted in the financial year when the corresponding income is assessed to tax. Following precedent from the assessee's own case for AY 2007-08 and 2009-10, the Tribunal directed that the assessee may approach the AO for claiming TDS credit in the relevant year when income is offered, and the AO should allow such claims per law. The appeal was allowed for statistical purposes. Additionally, the AO was directed to verify and consider current year business loss while computing assessed income. en-us Thu, 22 Aug 2024 00:00:00 +0530 Sat, 24 Aug 2024 11:35:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=757471 The ITAT Delhi held that TDS credit can only be granted in the financial year when the corresponding income is assessed to tax. Following precedent from the assessee's own case for AY 2007-08 and 2009-10, the Tribunal directed that the assessee may approach the AO for claiming TDS credit in the relevant year when income is offered, and the AO should allow such claims per law. The appeal was allowed for statistical purposes. Additionally, the AO was directed to verify and consider current year business loss while computing assessed income. Case-Laws Income Tax Thu, 22 Aug 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=757471