Tribunal held that where assessee received rental income from tenant on 31-3-2020, benefit of TDS had to be allowed in year under consideration even though tenant had inadvertently reported same in succeeding assessment year. In terms of rule 37BA(3)(i), benefit of TDS is to be given for assessment year for which corresponding income is assessable. (AY. 2020-21)
Anup Rajendra Tapadia. v. `DCIT (2023) 199 ITD 205 (Pune) (Trib.)
S. 199 : Deduction at source-Credit for tax deducted-Credit should be given in the year in which the income is assessed though the tenant inadvertently reported same in assessment year 2021-22.[R. 37BA(3)(i)]