https://www.taxtmi.com/caselaws?id=762225 ITAT Mumbai allowed the assessee's appeal regarding TDS credit claim. Despite the DR's contention that no corresponding income was offered to tax, the tribunal held that the assessee was entitled to claim refund on TDS deducted from advance received from HPCL. The AO was directed to allow credit of brought-forward TDS, subject to verification that HPCL had not claimed refund through revised TDS return. The decision was based on CBDT circulars relating to TDS refund grants. en-us Thu, 07 Nov 2024 00:00:00 +0530 Wed, 27 Nov 2024 08:58:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=762225 ITAT Mumbai allowed the assessee's appeal regarding TDS credit claim. Despite the DR's contention that no corresponding income was offered to tax, the tribunal held that the assessee was entitled to claim refund on TDS deducted from advance received from HPCL. The AO was directed to allow credit of brought-forward TDS, subject to verification that HPCL had not claimed refund through revised TDS return. The decision was based on CBDT circulars relating to TDS refund grants. Case-Laws Income Tax Thu, 07 Nov 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=762225