ASSISTANT COMMISSIONER OF INCOME TAX, CIRCLE-2, GUWAHATI, GUWAHATI vs. THE ASSAM COOERATIVE APEX BANK LIMITED, GUWAHATI
The appeal of the Revenue is dismissed
ITA 160/GTY/2025[2020-21]Status: DisposedITAT Guwahati28 Oct 2025AY 2020-21
Bench: The Hon'Ble Income Tax Appellate Tribunal (Itat) Was On Or Before 31/05/2025. However, The Appeal Was Filed Before The Hon'Ble Itat, Guwahati, On 18/06/2025, Resulting A Delay Of 18 Days Due To The Following Reasons. Exceptional Workload Due To Time-Barring Assessments & Initial Budget Collection Monitoring (March 2025): The Period Immediately Preceding The Appeal
Section 250Section 40
41,00,000/- to be restricted to Rs.2,52,30,000/- being 30% of the amount on account of non- deduction of TDS under section 40(a)(ia) of the Act,1961, whereas no actual payment was made.
3. On the facts and the circumstances of the case, the Ld. CIT(Appeals) has erred in law inholding that the provision
