Interest Disallowance: Non-Deduction of TDS Case

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

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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1 Year PLAN - Rs.~~1999~~

1799

(Excl. of GST ₹323)

2 Years PLAN - Rs.~~3499~~

3149

(Excl. of GST ₹566)

BEST VALUE

3 Years PLAN - Rs.~~4999~~

4499

(Excl. of GST ₹809)

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Attached File : 1442821_4421_1630576602_ita_1259_of_19_ratan_conductors_vs_acit_additional_evidence.pdf

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Judgement posted by

Poojitha Raam Vinay

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I simplify complex income tax, TDS, banking, and investment updates into practical insights for taxpayers, salaried professionals, pensioners, and senior citizens. I regularly write on ITR filing, tax compliance, savings schemes, and the latest financial rule changes in India.

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