ADIT (INTERNATIONAL TAXATION), DEHRADUN vs. M/S. M.I, OVERSEAS LTD., MUMBAI

In the result ITA number 5584/Del/2013 filed by the assessee for assessment year

Bench: Shri Sudhanshu Srivastava & Shri Prashant Maharishi

201(1A). It was further pointed out that the law provides for direct payment at the stage of self-assessment tax, where the tax paid falls short of the tax payable. Interest under section 220(2) would also arise on the same amount for the same period so as to require levy of interest under section 234B. In coming

MI OVERSEAS LTD.,MUMBAI vs. ADIT, DEHRADUN

In the result ITA number 5584/Del/2013 filed by the assessee for assessment year

Bench: Shri Sudhanshu Srivastava & Shri Prashant Maharishi

201(1A). It was further pointed out that the law provides for direct payment at the stage of self-assessment tax, where the tax paid falls short of the tax payable. Interest under section 220(2) would also arise on the same amount for the same period so as to require levy of interest under section 234B. In coming

ADIT (INTERNATIONAL TAXATION), DEHRADUN vs. M/S. M.I, OVERSEAS LTD., MUMBAI

In the result ITA number 5584/Del/2013 filed by the assessee for assessment year

Bench: Shri Sudhanshu Srivastava & Shri Prashant Maharishi

201(1A). It was further pointed out that the law provides for direct payment at the stage of self-assessment tax, where the tax paid falls short of the tax payable. Interest under section 220(2) would also arise on the same amount for the same period so as to require levy of interest under section 234B. In coming

MI OVERSEAS LTD.,NEW DELHI vs. ADIT, DEHRADUN

In the result ITA number 5584/Del/2013 filed by the assessee for assessment year

Bench: Shri Sudhanshu Srivastava & Shri Prashant Maharishi

201(1A). It was further pointed out that the law provides for direct payment at the stage of self-assessment tax, where the tax paid falls short of the tax payable. Interest under section 220(2) would also arise on the same amount for the same period so as to require levy of interest under section 234B. In coming

ADIT, DEHRADUN vs. M/S. M.I. OVERSEAS LTD., NOIDA

In the result ITA number 5584/Del/2013 filed by the assessee for assessment year

Bench: Shri Sudhanshu Srivastava & Shri Prashant Maharishi

201(1A). It was further pointed out that the law provides for direct payment at the stage of self-assessment tax, where the tax paid falls short of the tax payable. Interest under section 220(2) would also arise on the same amount for the same period so as to require levy of interest under section 234B. In coming

YES BANK LTD.,MUMBAI vs. ADDL. CIT (TDS), DEHRADUN

In the result, the appeals of the assessee are allowed

Bench: Dr. B. R. R. Kumarsh. Yogesh Kumar Usita No. 7498/Del/2017 : Asstt. Year : 2013-14 Ita No. 7499/Del/2017 : Asstt. Year : 2014-15

271 of the Act. However the TDS AO passed an order dated 29 August 2016 under section 271C levying penalty of Rs.1,86,539 being 100% of the alleged non-deduction of tax at source including interest under section 201(1 A) of the Act. It was submitted by the assessee that, 1) UEPPCB is a statutory organisation constituted under

YES BANK LTD.,MUMBAI vs. ADDL. CIT (TDS), DEHRADUN

In the result, the appeals of the assessee are allowed

Bench: Dr. B. R. R. Kumarsh. Yogesh Kumar Usita No. 7498/Del/2017 : Asstt. Year : 2013-14 Ita No. 7499/Del/2017 : Asstt. Year : 2014-15

271 of the Act. However the TDS AO passed an order dated 29 August 2016 under section 271C levying penalty of Rs.1,86,539 being 100% of the alleged non-deduction of tax at source including interest under section 201(1 A) of the Act. It was submitted by the assessee that, 1) UEPPCB is a statutory organisation constituted under

THE JOINT COMMISSIONER OF INCOME TAX (TDS), DEHRADUN vs. THE DIRECTOR, HIGHER EDUCATION, NANITAL

In the result, all the Revenue’s appeals are dismissed

Bench: The Hon'Ble Itat. 3. That The Ld. Cit(Appeals), Haldwani Be Set Aside That Of The Ao Be Restored.”

1,30,77,320/- and Rs.36,71,920/- for the A.Ys. 2014- 15; 2015-16; 2016-17 and 2017-18 respectively. Therefore, the assessee was found to be in default as per section 201(1A) of the Income Tax Act. Penalty proceedings u/s 271C of the Act were also initiated against the assessee for above defaults. During the course

M/S THDC INDIA LIMITED, RISHIKESH,RISHIKESH vs. PCIT, DEHRADUN, DEHRADUN

In the result, appeal of the assessee is partly allowed

201 (Delhi-Trib)\nhas held that based on the facts on record, it is observed that the assessee has\nnot recovered any LPSC in the past and as per the accounting standard and\nnorms, the assessee has to declare its income not only based on accrual\nsystem, also supported by the concept of certainty of recovery. In the similar\nfacts