dear friends,
If the assessee is not able to produce the certificates for deduction claimed u/s 80C, 80CCD, etc. or for TDS credit claimed, than can the AO initiate penalty proceedings u/s 271(1)(c).?
If as above the TDS credit is claimed and no proof for the same is produced whether the entire of such credit would be considered as tax sought to be evaded?
Thanks in advance
Regards,
Chintan
You can verify the credit by checking out the nsdl site.. Section 203 of IT Act says if the TDS has been deducted the same cannot be demanded from the assessee ( Bar against direct demand from the assessee)..
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