TDS not deductible on Interest payment to AU Financiers (India) Ltd.

Maharaja Ganga Mahal Vs ITO (TDS) (ITAT Delhi) In the realm of taxation, disputes often arise concerning TDS (Tax Deducted at Source) and interest payments. This article delves into one such case, Maharaja Ganga Mahal Vs ITO (TDS), adjudicated by ITAT Delhi. The case revolves around the assessment years 2016-17, 2017-18, and 2018-19. At the core of these disputes is the determination of whether the assessee failed to deduct TDS under the Income-tax Act, 1961, and the subsequent demands raised under sections 201(1) and 201(1A) of the Act. Case Background (ITA No. 83/Jodh/2023 – A.Y. 2016-...