https://www.taxtmi.com/caselaws?id=191200 Tax deducted at source on income later disclosed under the Voluntary Disclosure of Income and Wealth Act, 1976 had to be treated as tax already paid on that income. Because the scheme did not expressly bar credit for such prior payment, and Sections 198 and 199 of the Income-tax Act treat TDS as tax paid on behalf of the assessee, the disclosed income could not be charged again in full merely because tax had been collected through deduction at source. The refusal to allow credit and adjustment was therefore set aside, and the declarant was entitled to have the TDS credited against the tax payable under the special scheme. en-us Tue, 09 Dec 2003 00:00:00 +0530 Fri, 24 Mar 2017 15:28:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=191200 Tax deducted at source on income later disclosed under the Voluntary Disclosure of Income and Wealth Act, 1976 had to be treated as tax already paid on that income. Because the scheme did not expressly bar credit for such prior payment, and Sections 198 and 199 of the Income-tax Act treat TDS as tax paid on behalf of the assessee, the disclosed income could not be charged again in full merely because tax had been collected through deduction at source. The refusal to allow credit and adjustment was therefore set aside, and the declarant was entitled to have the TDS credited against the tax payable under the special scheme. Case-Laws Income Tax Tue, 09 Dec 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=191200