Interest & Late Fee Applicable for Non-Deduction of TDS on BDA Site Allotment: Karnataka HC

Basavaraj Gurusiddappa Sindhur Vs ITO (TDS) (Karnataka High Court) Karnataka High Court held that interest under section 201 of the Income Tax Act and late filing fee under section 234E leviable for non-deduction of TDS from sale consideration paid to Bengaluru Development Authority [BDA] for allotment of made by BDA. Facts- The petitioner had applied to the 3rd respondent/Bengaluru Development Authority for allotment of a site. The petitioner was allotted a site in the Nadaprabhu Kempegowda Layout of the BDA for a total sale consideration of ₹96,87,510/-. BDA officials has insisted to remit...