Case Law Details
Case Name : Fortune Infovision Pvt. Ltd. Vs CIT (Rajasthan High Court)
Related Assessment Year : 2014-15
Courts :
All High Courts Rajasthan High Court
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Fortune Infovision Pvt. Ltd. Vs CIT (Rajasthan High Court)
The Rajasthan High Court quashed a prosecution sanction order against Fortune Infovision Pvt. Ltd., an e-commerce company, for a delay in depositing Tax Deducted at Source (TDS). The company had delayed depositing TDS for the assessment year 2014-15, but eventually paid the dues along with 18% interest, albeit after a delay of up to ten months. The company explained that the delay was due to late submission of bills by major e-commerce platforms like Amazon, Naaptol, and eBay, which hindered the timely calculation and deduction of TDS....
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