Cash system of accounting- TDS credit allowable in year in which Receipts Are Offered to Tax

N.C. Rajagopal & Co. Vs DCIT (ITAT Chennai)

During appellate proceedings, the assessee submitted that the receipts have been offered on cash basis and therefore, TDS credit would be available as per Sec.199 of the Act i.e., in the year in which the respective receipts are offered to tax. In support, the assessee also filed statement showing TDS credit available from AYs 2014-15 to 2018-19. However, Ld. CIT(A) held that TDS credit could be given only to the extent of TDS as available in Form 26AS of the relevant year. Agg

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