ASIANET SATELLITE COMMUNICATIONS P. LTD,TRIVANDRUM vs. THE PR CIT, TRIVANDRUM
In the result, appeal is allowed in favour of the assessee
ITA 5/COCH/2021[2016-17]Status: DisposedITAT Cochin21 Dec 2022AY 2016-17
Bench: Shri N. V. Vasudevan & Ms. Padmavathy Sassessment Year : 2016-17 M/S. Asianet Satellite Vs. Pcit, Communications Pvt. Ltd., Thiruvananthapuram. 2A, 2Nd Floor, Carnival Technopark, Technopark, Kazhakuttom, Karyavattom, P. O., Thiruvananthapuram. Pan : Aaeca 5548 E Appellant Respondent
For Appellant: Shri. Raghunathan S, AdvocateFor Respondent: Shri. M. Rajasekhar, CIT(DR)
Section 143(2)Section 143(3)Section 154Section 263Section 37Section 37(1)
TDS is only compensatory and not penal in nature. The learned
AR also submitted that the AO has initiated proceeding under section 154 of the Act on the same issue of interest on delayed payments of statutory dues and no order was passed by the AO. It is therefore the Page 6 of 8
submission of learned AR that when
