The assessee presented the cheque for tax deducted at source on time , however\u00a0 due to mistake of the Bank the cheque was\u00a0 presented late . The CPC levied the interest on the assessee. The assesssee moved the application under section 154 of the Act , which was dismissed . On appeal the CIT(A) also affirmed the order of the\u00a0 AO.\u00a0 The issue before the Tribunal was \u201cwhether\u00a0 on the facts and in the circumstances of the case and in law the ld. CIT (Appeals) erred in confirming the action of the AO refusing the cancel interest charged u\/s 201 of the Act on the delay in deposit of TDS caused by negligence on the part of the Bank.”.\u00a0\u00a0\u00a0 Allowing the appeal the Tribunal held that payment of TDS would relate back to the date of presentation of the cheque by the assessee to the Banker and allowed the appeal of the assessee . Relied on\u00a0 CIT\u00a0v.\u00a0Kumudam Publications (P.)\u00a0Ltd.( 1981 )) 128 ITR 61 \u00a0( Mad)(HC) , P.L. Haulwel Trailers\u00a0Ltd.\u00a0v.\u00a0Dy. CIT\u00a0[2006] 100 ITD 485 (Chennai)( Trib)\u00a0 NHAI, PIU Siliguri\u00a0v.\u00a0ACIT\u00a0(ITA No. 2296\/Kol\/2013, ITO\u00a0v.\u00a0Bradcom Communication Technologies (P)\u00a0Ltd.\u00a0(ITA No. 6104\/ Del\/ 2019 dt 30-11 -2022 \u00a0( Trib)) \u00a0(AY. 2012 -13)<\/p>\n
\u00a0<\/strong><\/p>\n \u00a0<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":" S. 201 : Deduction at source – Failure to deduct or pay \u2013 Late deposit of TDS payment – Payment of TDS to bank would relate to date of presentation of cheque to banker- Mistake of banker the assessee is not liable to pay the interest . [ S . 194A, 201(1), 201(IA) ] <\/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-32768","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-8ww","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/32768","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=32768"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/32768\/revisions"}],"predecessor-version":[{"id":32769,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/32768\/revisions\/32769"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=32768"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=32768"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=32768"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}