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M/s Excella Realtors Pvt. Ltd. vs. ITO, Ward-1(3), TDS, Kolkata

Case No: I.T.A. No.2274/Kol/2024
Court: Income Tax Appellate Tribunal, 'C' Bench, Kolkata
Date: 11/3/2025

Parties Involved

appellantM/s Excella Realtors Pvt. Ltd.
respondentITO, Ward-1(3), TDS, Kolkata

Facts Summary

The assessee, M/s Excella Realtors Pvt. Ltd., is engaged in the business of construction and land development. A demand notice was issued by the TDS-CPC, Kolkata, raising a total demand of ₹4,59,653. After giving credit for certain adjustments available in the TRACES portal, an outstanding demand of ₹99,482 towards interest under section 201(1A) and ₹46,400 towards late fee under section 234E remained payable. Aggrieved by the said computation, the assessee preferred an appeal before the Commiss

Decision in favour of

Assessee

Legal Issues

  • 1. Whether the levy of late fee under section 234E amounting to ₹46,400 for delayed filing of TDS return for the financial year 2013-14 is legal and justified.
  • 2. Whether the levy of interest under section 201(1A) amounting to ₹99,482 is tenable.

Precedents Relied Upon

2 precedents cited in this judgement.

Judgment Outcome

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