ITAT Mumbai Deletes TDS delay Interest as Cheque Tender Date Considered Payment Date

Mumbai Metro Politian Region Development Authority Vs DCIT (ITAT Mumbai) The appeals before the Income Tax Appellate Tribunal pertained to Assessment Year 2022–23 and challenged the order of the Commissioner of Income Tax (Appeals), National Faceless Appeal Centre, which upheld the levy of interest under section 201(1A) of the Income Tax Act, 1961 for alleged delay in deposit of TDS. Since the facts across appeals were identical, the Tribunal passed a consolidated order, taking one appeal as the lead case. The central issue involved the levy of interest amounting to approximately ₹39.57 la...