Disallowance of Interest of Rs. 17,73,769/- on account of Non Deduction of TDS

Last updated: 15 September 2021
Quick Summary
The Income Tax Appellate Tribunal (ITAT) reviewed a case where an assessee's claim for interest expenses was disallowed. This disallowance, amounting to £17,73,769, was due to the failure to deduct Tax Deducted at Source (TDS) on payments made to two financial institutions. The Assessing Officer and the Commissioner of Income Tax (Appeals) upheld this disallowance, leading the assessee to appeal to the ITAT.

Court :
ITAT Jaipur

Brief :
The present appeal has been filed by the assessee against the order of the ld. CIT(A)-2, Jaipur dated 21/08/2019 for the A.Y. 2012-13.

Citation :
ITA No. 1259/JP/2019

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1999
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3499
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