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2016 (2) TMI 127 - AT - Income TaxUndisclosed income in the block assessment - interest income received by the assessee on which tax has already been deducted at source - Held that:- When the TDS has already been deducted by the Citi Bank on the interest income in question as referred to by the Assessing Officer in the assessment order, the same cannot be again put to tax by declaring undisclosed income, so it cannot be again subjected to tax. So, we are of the considered view that the Assessing Officer has erred in declaring the interest income of the assessee for the Assessment Year 1997-98 as undisclosed income on which TDS has already been deducted. - Decided in favour of the assessee. Credit of TDS Certificate denied - Held that:- It is settled principle of law that the benefit of TDS is to be claimed by the assessee in the normal assessment and not in case of block assessment made by the Revenue in the instant case. In case, the assessee has any such claim, he is at liberty to approach the appropriate authority to take benefit of any such TDS. So, we find no ground to interfere into the findings returned by the Assessing Officer - Decided against assessee.
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