https://www.taxtmi.com/caselaws?id=783570 The dominant issue was whether TDS credit could be restricted in intimation issued u/s 143(1) despite the assessee claiming full credit as reflected in Form 26AS. The ITAT held that, under s. 199 read with Rule 37BA, credit is allowable only after verification that the TDS has been properly deducted and that the corresponding income relating to the gross receipts has been offered. Since the first appellate authority had already remitted the matter to the AO with a direction to verify these conditions and then grant full TDS credit as per Form 26AS, the Revenue had no sustainable grievance. The Revenue's appeal was dismissed. en-us Mon, 15 Dec 2025 00:00:00 +0530 Thu, 18 Dec 2025 08:01:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=783570 The dominant issue was whether TDS credit could be restricted in intimation issued u/s 143(1) despite the assessee claiming full credit as reflected in Form 26AS. The ITAT held that, under s. 199 read with Rule 37BA, credit is allowable only after verification that the TDS has been properly deducted and that the corresponding income relating to the gross receipts has been offered. Since the first appellate authority had already remitted the matter to the AO with a direction to verify these conditions and then grant full TDS credit as per Form 26AS, the Revenue had no sustainable grievance. The Revenue's appeal was dismissed. Case-Laws Income Tax Mon, 15 Dec 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=783570