ITAT Kolkata Remands ₹12 Lakh TDS Disallowance Case

Advertisement Anup Nayak Vs CIT (Appeals) (ITAT Kolkata) The Income Tax Appellate Tribunal (ITAT) Kolkata has remanded the case of Anup Nayak vs. CIT (Appeals) for reassessment after a ₹12 lakh disallowance under Section 40(a)(ia) of the Income Tax Act. The dispute arose when the Assessing Officer (AO) disallowed interest payments made by the assessee to financial institutions, citing non-deduction of TDS. The assessee argued that the payees had likely included the interest in their taxable income and requested verification via Section 133(6) notices. However, as no response was received,...