TDS credit available in year in which corresponding income is offered to tax

PKF Sridhar & Santhanam LLP Vs DCIT (ITAT Chennai) ITAT Chennai held that TDS  credit of the earlier financial years is available as income relating to said TDS has been offered to tax for the impugned assessment years on the basis of mercantile system of accounting. Facts- The assessee is a limited liability partnership firm engaged in the profession of consulting and auditing. ROI filed by the assessee for both assessment years has been processed u/s. 143(1)(a) of the Income-tax Act, 1961 and subsequently the assessment has been completed u/s. 143(3) of the Act and determined total inco...