https://www.taxtmi.com/caselaws?id=782854 ITAT Hyderabad-AT held that where rental income from a property, though subject to TDS in the name of the assessee-firm, is ultimately assessable in the hands of its partners as co-owners pursuant to earlier ITAT directions, the corresponding TDS credit must be allowed to those partners. Interpreting s.199 as a substantive provision, the Tribunal ruled that TDS credit follows the income and is to be treated as tax paid on behalf of the person whose income is assessed, irrespective of the deductee's name. Rule 37BA(2)(i), being procedural, cannot deny such statutory entitlement. The AO was directed to grant TDS credit to the respective partners. en-us Wed, 30 Jul 2025 00:00:00 +0530 Fri, 05 Dec 2025 08:12:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=782854 ITAT Hyderabad-AT held that where rental income from a property, though subject to TDS in the name of the assessee-firm, is ultimately assessable in the hands of its partners as co-owners pursuant to earlier ITAT directions, the corresponding TDS credit must be allowed to those partners. Interpreting s.199 as a substantive provision, the Tribunal ruled that TDS credit follows the income and is to be treated as tax paid on behalf of the person whose income is assessed, irrespective of the deductee's name. Rule 37BA(2)(i), being procedural, cannot deny such statutory entitlement. The AO was directed to grant TDS credit to the respective partners. Case-Laws Income Tax Wed, 30 Jul 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=782854