Tribunal held that when the firm is succeeded by a company credit for credit for deduction of tax at source should be allowed when the receipt or part of receipt recognised as income by company.(AY.2012-13)
ITO v. Dreamax Infrastructure Developers(2018) 65 ITR 500 (Jaipur) (Trib)
S. 219 :Credit for advance tax –Deduction at source- Advance received by firm -succession by company —Credit for deduction of tax at source should be allowed when the receipt or part of receipt recognised as income by company.