BSNL Interest on TDS Payment Delay Upheld by ITAT Delhi

Accounts Officer, BSNL Vs DCIT (ITAT Delhi) The Income Tax Appellate Tribunal (ITAT) Delhi partly allowed an appeal filed by the Accounts Officer of Bharat Sanchar Nigam Limited (BSNL) against an order by the Commissioner of Income Tax (Appeals) [CIT(A)], Noida. The CIT(A) had upheld the Assessing Officer’s action of levying interest under Section 201(1A) of the Income Tax Act, 1961, for the delayed deposit of Tax Deducted at Source (TDS) for the Assessment Year 2008-09. BSNL had initially deducted TDS under Section 194J (for professional or technical services) instead of Section 194C (f...