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2011 (3) TMI 1495 - AT - Income TaxEntitlement of TDS credit in respect of mobilization advance - Held that:- As per amended provisions of section 199, in sub-section 1 - Any deductions made in accordance with the foregoing provisions of this chapter and paid to the Central Government shall be treated as a payment of tax on behalf of the person from whose income the deduction was made - Once the TDS was deducted, a credit of the same to be given to the assessees, irrespective of the year to which it relates - Following Supreme Renewable Energy Limited Vs. ITO [2008 (8) TMI 432 - ITAT MADRAS-C] - when the interest income is incidental to the acquisition and installation of an asset and is not directly liable for tax, assessee is entitled for the credit of TDS from the interest income which has been duly received by the Government - Decided against Revenue.
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