Interest already taxed cannot be taxed again for TDS deduction

Ramanlal Jawanmal Shah HUF Vs The ACIT-CPC (ITAT Ahmedabad)

Introduction: The recent appeal filed by Ramanlal Jawanmal Shah HUF against the order of the National Faceless Appeal Centre (NFAC), Delhi, sheds light on the issue of double taxation concerning interest income. The Income Tax Appellate Tribunal (ITAT) Ahmedabad addressed the key contention that the interest income, already offered for taxation in preceding years, cannot be taxed again in the current assessment year.

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