{"id":32764,"date":"2023-02-13T13:02:00","date_gmt":"2023-02-13T07:32:00","guid":{"rendered":"https:\/\/itatonline.org\/digest\/world-quant-research-india-pvt-ltd-v-cit-nfac-2023-bcaj-february-p-38-mum-trib\/"},"modified":"2023-02-13T13:02:00","modified_gmt":"2023-02-13T07:32:00","slug":"world-quant-research-india-pvt-ltd-v-cit-nfac-2023-bcaj-february-p-38-mum-trib","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/world-quant-research-india-pvt-ltd-v-cit-nfac-2023-bcaj-february-p-38-mum-trib\/","title":{"rendered":"World Quant Research ( India) Pvt Ltd v .CIT , NFAC ( 2023 ) BCAJ \u2013 February -P.38( Mum)( Trib)"},"content":{"rendered":"<p>While depositing the TDS on dividend paid to non -resident\u00a0 the assessee deposited the taxes vide challan No 280 which is applicable for payment of advance tax , self assessment tax , tax on\u00a0 regular assessment , tax on distributed income unit to unit holders\u00a0 etc. The tax ought to have been deposited\u00a0 under challan No 281\u00a0 . The AO has raised the demand for short payment of taxes . On appeal CIT(A) dismissed the appeal . On appeal the Tribunal directed the Authorities to correct the demand due to deposit of TDS by wrong challan . The Tribunal also directed the concerned authority to make every possible endeavour of carrying out the necessary correction in the challan within a period of 2 months from the date of receipt of the order and grant the relief as per law .( TS-963 -ITAT -2022) ( AY. 2021 -22)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>. 195 :Deduction at source &#8211; Non-resident &#8211;  Deposit of TDS under wrong challan \u2013 Authorities directed  to correct the demand due to deposit of TDS by wrong challan . <\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[],"class_list":["post-32764","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-8ws","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/32764","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/comments?post=32764"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/32764\/revisions"}],"predecessor-version":[{"id":32765,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/32764\/revisions\/32765"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=32764"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=32764"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=32764"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}