Denial of TDS credit as corresponding turnover reflected in earlier year is untenable

Neelkanth Developers Radhe Homes Vs ADIT (ITAT Ahmedabad) ITAT Ahmedabad TDS credit cannot be denied on the ground that corresponding turnover has been offered to tax in the earlier assessment year. Facts- The assessee is builder and developer and has offered income on the basis of percentage completion method, whereas the TDS has been deducted by the purchaser of the property u/s. 194-IA of the Act at the time of execution of sale deeds. Therefore, the case of the assessee is that that it is not possible at all times to correlate a specific amount of TDS with the specific amount of income ear...