DCIT, LUCKNOW vs. SAHARA INDIA FINANCIAL CORP. LTD.,, LUCKNOW

In the result both the appeals filed by the revenue are dismissed and COs of the assessee are allowed

Bench: Shri H.S.Sidhu & Shri Prashant Maharishi

TDS in such circumstances. 18. He therefore submitted that the learned CIT – A has correctly deleted the demand raised under section 201 (1) and interest under section 201 (1A) of The Income Tax Act and consequent penalty under section 271C