TCS credit allowable to parent in whose hands income of minor is clubbed: ITAT Pune

Anshul Anil Goel Vs DCIT (ITAT Pune) ITAT Pune held that since income of minor child is clubbed in the hands of assessee, TCS collected on the same needs to be credited in the hands of assessee. Accordingly, assessee cannot be deprived from the credit of TCS. Thus, appeal allowed. Facts- During the year under consideration, the minor son of the assessee namely Master Nishkarsh Goel made a foreign investment on which the TCS was collected by the bank and form 27D was also issued by the bank. Since the entire income of the minor son of the assessee was required to be clubbed in the hands of the ...