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2017 (8) TMI 564 - AT - Income TaxLate payment of TDS u/s 201(1A) - Provisions for condone the delay in payment - delay for cause of bank Strike - reasonable cause of delay - Held that:- It is not in dispute that the taxes deducted have been deposited with a delay of one day. It is also not in dispute that on the due date of deposit i.e, 7.8.2009, there was bank strike and an effective bank holiday and no taxes could have been deposited on the said date. In the instant case, the bank was closed on 7.8.2009 on account of bank strike and the taxes have been deposited on 8.8.2009. In our view, circular no. 676 dated 14.1.1994 draws support from section 10 of the General Clauses Act and is equally applicable to deposit of TDS where on the due date of deposit, the bank is closed and the taxes are deposited on the next working day. We are cognisance of the fact that the period under consideration relates to period where internet banking and e-deposit of taxes were not in vogue. In light of above, there is no default on the part of the assessee and interest u/s 201(1)(a) is not leviable in the instant case - Decided in favour of assessee.
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