Deductor Not in Default When Payee Has Paid Due Taxes: ITAT Mumbai

ITO (TDS) Vs Sashwat Energy Private Limited (ITAT Mumbai) ITAT Mumbai Holds Deductor Not in Default Where Payee Has Paid Tax: TDS Demand under Sections 201(1) & 201(1A) Set Aside The Mumbai Bench of the ITAT partly allowed the Revenue’s appeal and allowed the assessee’s cross-objection for statistical purposes in the case of Sashwat Energy Private Limited for AY 2021-22, dealing with liability under sections 201(1), 201(1A) and consequential levy under section 234E. The dispute arose from a TDS survey under section 133A(2A), where the Assessing Officer treated the assessee as an “ass...