https://www.taxtmi.com/caselaws?id=342171 The Tribunal allowed the public sector bank's appeal, directing the assessing officer to re-examine the case and recalculate deductions. The bank's efforts to comply with TDS provisions through the centralised core banking system were acknowledged, leading to the Tribunal's decision not to treat the bank as an assessee in default. The appeal was allowed for statistical purposes, emphasizing the importance of timely information submission. The Tribunal's decision aimed at ensuring fair assessment and compliance with TDS regulations, providing the bank with an opportunity to rectify errors. en-us Fri, 07 Apr 2017 00:00:00 +0530 Fri, 28 Apr 2017 10:13:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=342171 The Tribunal allowed the public sector bank's appeal, directing the assessing officer to re-examine the case and recalculate deductions. The bank's efforts to comply with TDS provisions through the centralised core banking system were acknowledged, leading to the Tribunal's decision not to treat the bank as an assessee in default. The appeal was allowed for statistical purposes, emphasizing the importance of timely information submission. The Tribunal's decision aimed at ensuring fair assessment and compliance with TDS regulations, providing the bank with an opportunity to rectify errors. Case-Laws Income Tax Fri, 07 Apr 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=342171