BANK OF INDIA,NAGPUR vs. DEPUTY COMMISSIONER OF INCOME TAX, TDS, CIRCEL-51(1), NAGPUR
Appeals are partly allowed/allowed for statistical purposes in above terms
ITA 391/NAG/2022[2013-14]Status: DisposedITAT Nagpur28 Sept 2023AY 2013-14
Bench: Shri Satbeer Singh Godara & Dr. Dipak Ripote
For Appellant: Shri Nitesh Agrawal, C.AFor Respondent: Shri Kailash Kanojiya, Sr. DR
Section 194ASection 201Section 201(1)Section 250
3. Briefly stated, the facts of the case are that the assessee is a
Nationalised Bank engaged in the banking business. Section 194A
mandates that tax has to be deducted at source in respect of
interest paid/credited to the account of the customers. A spot
verification in some branches of the assessee bank was conducted
in March, 2016 and default
