DEPUTY COMMISSIONER OF INCOME-TAX, CIRCLE-1, PATNA, PATNA vs. NORTH BIHAR POWER DISTRIBUTION COMPANY LIMITED, PATNA
In the result, the appeals of the Revenue and COs of the assessee are dismissed
ITA 234/PAT/2025[2017-18]Status: DisposedITAT Patna23 Feb 2026AY 2017-18
Bench: Shri Duvvuru Rl Reddy, Vp & Shri Rajesh Kumar, Am
For Appellant: Sh. Ankit Kumar, CAFor Respondent: Md. A. H. Chowdhary, CIT (DR)
194A being interest income.
The same has been informed to the party.
5.3.2 In view of the clarification of the appellant, it is clear that the interest was received on advance given to Bajaj Electricals Ltd. as supplier and it was not a contractual payment. There was an error on the part of the party that it deducted
TDS under
