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2022 (12) TMI 73 - AT - Income Taxwaiver of Interest charged u/s 201 - one day delay in deposit of TDS - delay in deposit of TDS caused by negligence on the part of the Bank - Whether the payment would be deemed to have been made on the date of handing over of cheque to the banker or on the date of clearance of cheque by debiting the Assessee’s account for the purpose of tendering the TDS? - HELD THAT:- In the instance case, there is One day delay in debiting the amount from the Assessee’s bank account which is apparently due to the mistake to the banker. Further by relying on the ratio laid down in the case of Standard Chartered Bank [2020 (8) TMI 665 - ITAT MUMBAI] we are of the opinion that the payment of TDS by the assessee would relate bank to the date of presentation of the cheque i.e. on 31/07/2013 by the assessee to the banker. Therefore, the interests levied by the Revenue authorities are deserves to be waived off. Accordingly, we allow the Grounds of Appeal of the assessee.
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