Assessing Officer erred in holding Bank of India guilty of non-deduction of TDS: ITAT deletes Penalty [Read Order]

The Income Tax Appellate Tribunal (ITAT), Jaipur Bench vehicle deleting the penalty held that the assessee, Bank of India was not guilty of non-deduction of Tax Deduction at Source (TDS). The assessee bank has paid interest of Rs. 1,79,252 on fixed deposits placed with it by one of its customers, Jaipur School Samiti on which […]

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