ITAT on Calculation of Month for Interest on delay in payment of TDS

Bank of Baroda Vs. DCIT (ITAT Ahmedabad)

 Assessee’s contention for levy of interest for the second month could arise only if the period of time between the date on which tax was deducted and the date on which tax was paid to the Government exceeds one month, was justified. Thus, AO was directed to re-compute the levy of interest under section 201(1A) accordingly.

FULL TEXT OF THE ITAT ORDER IS AS FOLLOWS:-

1. By way of this appeal, the assessee appellant has challeng

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