United India Insurance Co Ltd v. Dy.CIT ( 2024) 204 ITD 8 (Chennai )( Trib)

S. 201 : Deduction at source – Failure to deduct or pay – Survey-Medical insurance premium-Payment to co -insurance companies – Natural justice – Matter remanded. [ S.133A ,201(1),201(IA) ]

Assessing officer sent notice to assessee for non deduction of TDS on medical insurance premiums and payments to co-insurance companies. Assessee company failed to provide relevant details . assessing officer held assessee liable to be an assessee in default. On appeal the Tribunal held that  the assessee could not file any evidence or explanation with regards to TDS to be deducted towards medical insurance and co-insurance company before assessing officer due to reasonable cause . The matter remanded to the Assessing Officer to give one more opportunity and pass the order considering the reply of the assesseee.   (AY. 2012 -13 , 2013 -14 )