Delay interest not leviable as TDS deposited on time but bank failed to remit immediately to department

National Insurance Co. Ltd Vs ACIT (ITAT Kolkata)

ITAT Kolkata held that interest u/s 201(1A) of the Income Tax Act for late deposit of TDS amount is not leviable as TDS amount was duly deposited within the due date, however, due to technical glitch the bank could not remit the amount immediately to the account of the department.

Facts- The b

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