https://www.taxtmi.com/caselaws?id=766225 The Bombay HC upheld ITAT's decision denying TDS credit to the appellant. The appellant filed a NIL return but claimed TDS credit, while the corresponding income was offered to tax by ISPL. The court held that claiming TDS credit without offering the corresponding income contradicts Section 198 read with Section 199 of the Income Tax Act, as TDS forms part of the assessee's income. The position taken by the appellant was contrary to its filed returns, creating an incongruent situation where principal income wasn't offered for assessment despite claiming TDS benefits. en-us Wed, 12 Feb 2025 00:00:00 +0530 Thu, 20 Feb 2025 08:02:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=766225 The Bombay HC upheld ITAT's decision denying TDS credit to the appellant. The appellant filed a NIL return but claimed TDS credit, while the corresponding income was offered to tax by ISPL. The court held that claiming TDS credit without offering the corresponding income contradicts Section 198 read with Section 199 of the Income Tax Act, as TDS forms part of the assessee's income. The position taken by the appellant was contrary to its filed returns, creating an incongruent situation where principal income wasn't offered for assessment despite claiming TDS benefits. Case-Laws Income Tax Wed, 12 Feb 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=766225