TaxTMI 
TaxTMI 
2004 (12) TMI 311
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....ponsible person in this case being the manager, Canara Bank, Ludhiana, was required to deduct tax under s. 194A of the IT Act, 1961 at the prescribed rate on interest paid/credited exceeding Rs. 10,000 in each case. In financial year 1997-98, the appellant did not deduct tax as the persons to whom interest was paid/credited, furnished declarations in Form No. 15H. Since s. 197A(1A) provides that the responsible person shall not deduct tax if a declaration in Form No. 15H is filed before the due date for deduction, the assessee did not deduct tax. It is not disputed that the assessee had received declarations in Form No. 15H from the persons to whom interest was paid/credited in excess of Rs. 10,000 and accordingly, the appellant was not req....
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....------------------------------------------------ 1. Darshan 8-6-1997 7-7-1997 4-5-1998 300 Singh 2. Ved Kumari 21-4-1997 7-5-1997 -do- 360 3. Bimla Devi 30-4-1997 -do- -do- 360 4. Amarjit 30-4-1997 -do- -do- 360 Singh 5. Pyara Singh 16-5-1997 7-6-1997 -do- 330 6. Charanjit Kaur 27-1-1998 7-2-1998&nb....
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....turn on 4th May, 1998. It is further reiterated that all the deductions applicable under the TDS system have been duly effected and the amount deposited in Government account well in time. As such there is no default regarding non-deduction of tax at source. The delay in submission of Form 15H is a procedural aspect and in no way caused any loss of revenue to Government and the same was only due to ignorance of concerned officials. You are very humbly requested to condone the lapse and allow the matter to rest. We assure you, Sir, that the branch would take utmost care in this regard to avoid such delays in future." 5. The appellant had also relied upon the decision of Amritsar Bench of the Tribunal in the case of Branch Manager. State B....