TDS benefit to be given when corresponding income is assessable irrespective of fact TDS was deposited in next FY

INCOME TAX: In terms of Rule 37BA(3)(i) benefit of TDS is to be given for assessment year for which corresponding income is assessable, therefore, where assessee raised invoice on 'A' in March 2011, benefit of TDS had to be allowed in assessment year 2011-12 even though tax on invoice amount was deposited by 'A' in April 2011

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