https://www.taxtmi.com/caselaws?id=456902 The ITAT Kolkata allowed the assessee's appeals against default proceedings u/s 201 for failure to deduct TDS on interest payments exceeding Rs.10,000 to customers. The AO and CIT(A) held the District Central Cooperative Bank liable for non-deduction of TDS without properly examining the documentary evidence including Forms 15G/15H submitted by the assessee. The ITAT found that authorities failed to make specific findings on the documents provided and noted that partial submission of forms should not result in treating the entire interest payment as default. The matter was remanded to the AO for fresh adjudication after proper verification of submitted documents. en-us Wed, 05 Jul 2023 00:00:00 +0530 Fri, 23 Aug 2024 20:33:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=456902 The ITAT Kolkata allowed the assessee's appeals against default proceedings u/s 201 for failure to deduct TDS on interest payments exceeding Rs.10,000 to customers. The AO and CIT(A) held the District Central Cooperative Bank liable for non-deduction of TDS without properly examining the documentary evidence including Forms 15G/15H submitted by the assessee. The ITAT found that authorities failed to make specific findings on the documents provided and noted that partial submission of forms should not result in treating the entire interest payment as default. The matter was remanded to the AO for fresh adjudication after proper verification of submitted documents. Case-Laws Income Tax Wed, 05 Jul 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=456902