M/S. MAHASAKTI FOUNDATION,KALAHANDI vs. ACIT, SAMBALPUR
In the result, the appeals filed by the assessee are allowed
ITA 134/CTK/2015[2007-08]Status: DisposedITAT Cuttack06 Jun 2017AY 2007-08
Bench: S/Shri N.S Saini & Pavan Kumar Gadale
For Appellant: Shri P.K.Mishra, ARFor Respondent: Shri Kunal Singh, CIT DR
Section 11Section 12ASection 147Section 194ASection 201(1)Section 40
section 194A of the Act, as such the impugned disallowance of Rs.14,45,272.00 is liable to be deleted in the interest of justice.
6. For that, the Authorities below have committed gross error of fact as well as in law in treating the Appellant as Assessee in default by not deducting tax at source on interest paid U/s.201
