https://www.taxtmi.com/caselaws?id=781451 ITAT (DELHI - AT) allowed the appeal and directed the AO to assess the long-term capital gain in AY 2022-23 as declared by the taxpayer, but grant TDS credit for the amount deposited by the purchaser in AY 2023-24 based on the Form 71 uploaded by the taxpayer. The tribunal held that income must be declared in the year of transfer and the AO must follow the matching principle to give TDS credit in the subsequent year upon receipt of the filed Form 71. en-us Wed, 12 Nov 2025 00:00:00 +0530 Sat, 15 Nov 2025 07:56:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=781451 ITAT (DELHI - AT) allowed the appeal and directed the AO to assess the long-term capital gain in AY 2022-23 as declared by the taxpayer, but grant TDS credit for the amount deposited by the purchaser in AY 2023-24 based on the Form 71 uploaded by the taxpayer. The tribunal held that income must be declared in the year of transfer and the AO must follow the matching principle to give TDS credit in the subsequent year upon receipt of the filed Form 71. Case-Laws Income Tax Wed, 12 Nov 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=781451