https://www.taxtmi.com/caselaws?id=471296 TDS credit may be allowed where a cash-basis taxpayer reconciles brought-forward and carried-forward credits with Form 26AS entries for the relevant assessment years. Where professional income has been offered to tax and the payer has deducted tax from payments but failed to deposit it with the Government, Section 205 of the Income-tax Act precludes a direct tax demand against the recipient to the extent of tax deducted. Denial of credit in those circumstances would impose tax on income from which tax has already been withheld. en-us Wed, 18 Dec 2024 00:00:00 +0530 Fri, 28 Aug 2026 20:38:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=471296 TDS credit may be allowed where a cash-basis taxpayer reconciles brought-forward and carried-forward credits with Form 26AS entries for the relevant assessment years. Where professional income has been offered to tax and the payer has deducted tax from payments but failed to deposit it with the Government, Section 205 of the Income-tax Act precludes a direct tax demand against the recipient to the extent of tax deducted. Denial of credit in those circumstances would impose tax on income from which tax has already been withheld. Case-Laws Income Tax Wed, 18 Dec 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=471296