Disallowance of TDS Credit on IMP Transfer Due to assessed in wrong AY: ITAT directs to give Credit in Relevant AY

The ITAT ruled on a case involving the disallowance of TDS credit due to incorrect assessment in the wrong assessment year (AY). The taxpayer had claimed TDS credit, but it was assessed in an incorrect year, leading to its disallowance. The tribunal directed that the credit be properly allocated to the relevant assessment year, ensuring that the taxpayer's claim is not denied. This decision is significant as it highlights the importance of correct timing in tax filings and the proper allocation of credits in the correct assessment periods.