https://www.taxtmi.com/caselaws?id=471507 TDS credit for instalment payments in real-estate transactions may be allowed where the related revenue was recognised under the percentage completion method and taxed in earlier assessment years. Non-inclusion of that income in the return for the year of deduction does not by itself preclude credit. Eligibility depends on verification that Form 26AS deductions correspond to turnover already offered to tax, through reconciliation of the TDS claim with prior-year revenue. Eligible credit should then be granted in accordance with law. en-us Tue, 08 Apr 2025 00:00:00 +0530 Mon, 07 Sep 2026 19:20:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=471507 TDS credit for instalment payments in real-estate transactions may be allowed where the related revenue was recognised under the percentage completion method and taxed in earlier assessment years. Non-inclusion of that income in the return for the year of deduction does not by itself preclude credit. Eligibility depends on verification that Form 26AS deductions correspond to turnover already offered to tax, through reconciliation of the TDS claim with prior-year revenue. Eligible credit should then be granted in accordance with law. Case-Laws Income Tax Tue, 08 Apr 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=471507