Section 194-IA TDS on Full Property Value Mandatory, Not Linked to Payment Timing: ITAT Bangalore

Artha Real Estate Corporation Ltd. Vs DCIT (ITAT Bangalore) The Income Tax Appellate Tribunal (ITAT), Bangalore, examined an appeal filed by the assessee against the order of the National Faceless Appeal Centre (NFAC) dated 26.06.2025 for the assessment year 2018–19. The dispute arose from proceedings initiated under Section 201 of the Income Tax Act, 1961, wherein the assessee was treated as an “assessee in default” for failure to deduct tax at source (TDS) on certain transactions. The assessee, engaged in the real estate business, had filed its tax audit report in Form 3CA. Based on th...