https://www.taxtmi.com/caselaws?id=789048 TDS credit must be allowed in the assessment year in which the related income is assessable, because section 199 of the Income-tax Act and Rule 37BA(3) make the credit follow the year of taxability of the income. A later deposit or later reflection in Form 26AS by the deductor does not defeat the assessee's substantive entitlement where the income was accounted for in the relevant year. The mismatch in reporting could not justify denial of credit, and the credit was therefore held allowable in the year of assessability. en-us Fri, 27 Mar 2026 00:00:00 +0530 Thu, 02 Apr 2026 08:50:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=789048 TDS credit must be allowed in the assessment year in which the related income is assessable, because section 199 of the Income-tax Act and Rule 37BA(3) make the credit follow the year of taxability of the income. A later deposit or later reflection in Form 26AS by the deductor does not defeat the assessee's substantive entitlement where the income was accounted for in the relevant year. The mismatch in reporting could not justify denial of credit, and the credit was therefore held allowable in the year of assessability. Case-Laws Income Tax Fri, 27 Mar 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=789048