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2021 (10) TMI 902 - AT - Income TaxCredit of TDS - tds deducted on the interest income which accrued the investments offered to tax under the ‘Income Declaration Scheme 2016’ - Credit for TDS has not been allowed only for the reason that PAN No. of the payee is not mentioned in the certificate due to which tax credit is not appearing in the income tax portal - HELD THAT:- It is an evident fact that since the investments was unaccounted, assessee had not given the PAN to the Bank where such investments were made. However, since the assessee has declared the income under IDS 2016, now the assessee is eligible to get credit for TDS as provided in the clarification on the IDS 2016 vide circular no.25/2016 dated 30th June 2016. Necessary verification should be made at the level of the Ld. AO, before whom assessee shall provide all the details of IDS 2016, certificate of tax deducted in the name of self and children and also provide complete details of TDS - If after the necessary verification it is proved that the alleged IDS was deducted on the income/investment declared under IDS 2016 comprising of the principle amount of the investments and interest earned thereon, then the assessee should be allowed the benefit of tax deducted at source - Needless to mention that proper opportunity of being heard to be provided to the assessee. - Assessee appeal allowed for statistical purposes.
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