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No Interest for TDS Payment Delay Due to Technical Glitches
Case Law Details
- Case Name
- New Delhi Television Ltd Vs ACIT (ITAT Delhi)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2017-18
- Courts
- All ITAT, ITAT Delhi
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New Delhi Television Ltd Vs ACIT (ITAT Delhi)
Introduction: In a significant development, the Income Tax Appellate Tribunal (ITAT) of Delhi has ruled in favor of New Delhi Television Ltd (NDTV) in the matter of interest charged u/s 201(1A) of the Income Tax Act due to a delay in remittance of Tax Deducted at Source (TDS). The Tribunal directed the removal of the interest charges, citing technical glitches and banking procedures that led to a delay of a single day on two separate occasions.
Analysis: The ITAT took into account the peculiar circumstances leading to the delay in TDS remittance, ...
