Section 205 ::
Last updated: 07 September 2007
Court :
HC
Brief :
Held by hon"ble court that u/s 205 no demand can be raised against the assessee to the extent such tax has been deducted from rent income in accordance with section 194-I, hence assesse is not liable to pay tax deducted but not deposited by the tenant-lessee.
Citation :
Smt. Anusuya Alva Vs. D.C.I.T.
Section 205
Smt. Anusuya Alva Vs. D.C.I.T. 6/9/2005
(2005) 147 Taxman152(Kar.)
Case Fact: Whether a demand can be raised on assesse for payment of tax on rental income where tax had been deducted on such income u/s 194-I but was not deposited with the revenue deptt. by the tenant-lessee.
Decision: Held by hon"ble court that u/s 205 no demand can be raised against the assessee to the extent such tax has been deducted from rent income in accordance with section 194-I, hence assesse is not liable to pay tax deducted but not deposited by the tenant-lessee.
CA.Saibaburao Nanduri
Published in Income Tax
Views : 149
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