Interest not leviable on late deposit of TDS due to Interim Order

Central Bank of India Vs DCIT (ITAT Delhi) ITAT Delhi held that interest on late deposit of TDS deleted as assessee was having sufficient cause for not depositing the TDS on time due to the Interim Order passed by the Hon’ble Madras High Court. Facts- The assessee deducted TDS amount from arrears of employees in March 2011 and the same had been remitted to the IT Department on 10/04/2013, the A.O. charged interest of Rs. 1,69,962/-. The assessee filed an application u/s. 154 read with Section 200A of the Act which had been dismissed by the DCIT dated 31/12/2013. CIT(A) dismissed the appeal ...