TDS credit cannot be denied for non-furnishing of declaration u/r 37BA(2) while clubbing of income

Anil Ratanlal Bohora Vs ACIT (ITAT Pune)

ITAT Pune held that mere non-furnishing of declaration to the bank in terms of proviso to rule 37BA(2) of the Income Tax Rules, the amount of tax deducted at source on interest on bank deposit cannot be disallowed while clubbing of the income.

Facts- The assessee filed return declaring total income of Rs.8,42,68,650/-. An Intimation was issued u/s.143(1) of the Act disallowing, inter alia, credit for tax deducted at source amounting to Rs.2,80,456/- on interest

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