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Interglobe Enterprises Pvt Ltd v. ACIT ( 2022) The Chamber’s Journal -August – P. 156 ( Delhi ) ( Trib)

S. 199 : Deduction at source – Credit for tax deducted – Credit of TDS should be availed in the year in which income is assessed [ S. 199(3), Rule 37BA(3), Form No. 26AS. ]

The AO denied the claim of credit of TDS on the ground that such credit is not reflected in Form 26AS  for the AY. 2016 -17 . On appeal the Tribunal held that the assessee shall be  entitled to credit of TDS corresponding to the income shown in the AY. 2016 -17  . The AO was directed to grant credit for TDS in accordance with law . ( ITA No. 6580/Del/ 2019 dt . 7 -6 -2022)( AY. 2016 -17 )