PUNJAB NATIONAL BANK ,JODHPUR vs. ITO, (TDS)(II),, JODHPUR
In the result, the appeal of the assessee is partly allowed
ITA 250/JODH/2018[2009-10]Status: DisposedITAT Jodhpur21 Mar 2023AY 2009-10
Bench: Shri Kul Bharatshri Manish Boradpunjab National Bank, Vs Ito, R.R. Singhvi, Advocate, Tds (Ii), “Rajhans” 1St A Road, Jodhpur (Rajasthan) Sardarpura, Jodhpur (Appellant) (Respondent) Pan No. Jdhpo2161F Assessee By None Revenue By Shri S.M.Joshi, Jcit Dr Date Of Hearing 20/03/2023 Date Of 21/03/2023 Pronouncement
Section 10Section 11Section 194ASection 197ASection 201Section 201(1)Section 271C
197A. The respondent learned A.O. was of the view that since the total interest paid by way of income to the school/trust was more than the income not liable to tax i.e. Rs.150000/- and as such according to the A.O. appellant bank was liable to deduct tax at source. Accordingly an order u/s 201(1)/201(1A) was passed
