TDS credit restricted in proportion of income returned to tax: ITAT Ahmedabad

Space Developers Vs ITO (ITAT Ahmedabad) ITAT Ahmedabad uphold the CIT(A) order restricting TDS credit in proportion of income returned to tax. Accordingly, appeal of the assessee dismissed. Facts- It was intimated by CPC to the assessee the total TDS credit claimed by the assessee was to the tune of Rs.5,24,600/-, which was restricted to Rs.4,07,968/-, in proportion of the income returned to tax to that on which TDS was deducted. It was noted that while TDS of Rs. 5,24,600/-had been deducted on an income of Rs.5,24,60,000/-, the assessee had returned income only to the tune of Rs.4,07,96,898/...