194I: No Default if TDS Amount Paid by Deductee

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The assessee ,a lessee paid rent by deducting 15 per cent instead of 20 per cent of the said rent towards the tax deducted at source . The A.O held that the assessee was in default as they short deducted .However, the assessee contended that not deducting 5 per cent was a bona fide mistake…

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