https://www.taxtmi.com/caselaws?id=426114 TDS credit on interest income depends on proof that tax was actually deducted and reflected in the prescribed records. Although section 205 bars a direct demand on the payee to the extent tax has been deducted, that protection does not dispense with the need to substantiate deduction on record. Where the assessee cannot produce TDS certificates or sufficient documentary evidence, the credit is not granted on the existing material and the matter may be remanded for verification by the Assessing Officer. en-us Thu, 04 Aug 2022 00:00:00 +0530 Mon, 08 Aug 2022 09:11:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=426114 TDS credit on interest income depends on proof that tax was actually deducted and reflected in the prescribed records. Although section 205 bars a direct demand on the payee to the extent tax has been deducted, that protection does not dispense with the need to substantiate deduction on record. Where the assessee cannot produce TDS certificates or sufficient documentary evidence, the credit is not granted on the existing material and the matter may be remanded for verification by the Assessing Officer. Case-Laws Income Tax Thu, 04 Aug 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=426114