Bank is ‘Agent’ of Income Tax Dept for Receiving TDS Deposits, No Interest for Delay in Payment by Bank due to Technical Glitches on Portal: ITAT

Bank is - Agent of Income Tax Department - TDS Deposits-Interest for Delay in Payment - Bank due- Technical Glitches - Portal - ITAT - Taxscan

The Income Tax Appellate Tribunal (ITAT), Kolkata has held that the assessee cannot be penalized for the fault of glitches on the income tax portal and therefore, deleted the interest for non-remittance of TDS amount by the bank to the Government since the same was deposited by the assessee within the due date. The Assessing…

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