194I: No Default if TDS Amount Paid by Deductee


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 mistakeā€¦

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