ITAT Deletes TDS Demand as Seller’s PAN Was Regularised Within CBDT Timeline

Bela Rohit Shah Vs ACIT (ITAT Mumbai) The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) allowed the appeal filed by the assessee and directed deletion of the demand raised under Section 200A of the Income-tax Act, 1961, towards alleged short deduction of tax, interest, and levy. The Tribunal held that the demand was unsustainable in law in the facts of the case. The assessee had jointly purchased a residential flat situated at Tardeo, Mumbai, along with her husband through a registered sale deed dated 9 December 2024. The total consideration for the property was ₹1.90 crore. The a...