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The Tax PublishersITA No(s). 2216/Ahd/2013
2021 TaxPub(DT) 0334 (Ahd-Trib)INCOME TAX ACT, 1961
Section 193
Where assessee had not claimed any interest expense on deep discount bonds, there was no question for deducting TDS under section 193 and therefore, assessee could not be held as assessee-in-default under section 201(1)/(1A).
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Tax deduction at source - Under section 193 - Interest on deep discount bonds - Assessee had not claimed any interest expense
AO treated assessee as assessee-in-default under section 201(1) on account of non-deduction of TDS under section 193 from interest expenses incurred on deep discount bonds. Assessee challenged this on the ground that it had not claimed any interest expense. Held: Assessee had filed break-up of interest expenses in support of its contention that it had not claimed any interest expense. Accordingly, there was no question for deducting TDS from interest on deep discount bonds for the simple reason that assessee had not claimed any interest expense.
REFERRED :
FAVOUR : In assessee's favour.
A.Y. : 2007-08
IN THE ITAT, AHMEDABAD BENCH
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