Cash system vis-à-vis TDS credit adjustable in the year of receipt

Chirag M. Shah Vs ITO (ITAT Ahmedabad)

It is observed that it is crystal clear that there are provisions under the IT Act; namely, section 199 of the IT Act, 1961 and Rule 37BA of the IT Rules, 1962 and the proper mechanism is also provided under the Act and Rules. Thus, respectfully following the ratio of the Jurisdictional High Court judgment, the assessee is entitled to get credit on TDS of Rs.2,96,734/-.

Facts- The assessee is an individual and Chartered Accountant by profession. The assessee file

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