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
98,53,799
Service Tax Interest (Tvm)
8,49,279
Total
1,07,06,264
3. The AO did not pass any final order u/s.154. In the meanwhile the PCIT, on verification of assessment records, noticed that the same issue where the assessee has debited an amount of Rs.1,07,06,000/- towards interest on delayed payment of service
