VERITAS INSURANCE SERVICES PRIVATE LIMITED ASST.

YEAR : 2010-11 GROUNDS OF APPEAL Your appellant being aggrieved by the Order passed by the learned Income Tax Officer, TDS-OSD, Ahmedabad u/s. 201(1)/201(1A) of the I.T. Act for Quarter-II of Financial Year 2009-10, presents this appeal against the same on the following amongst other grounds.. 1. The order passed u/s. 201(1)/201(1A) is passed is bad in law and void ab inito. It is submitted that it be held so now. 2. The learned Assessing Officer has erred in passing the order u/s. 201(1)/201(1A) of the I.T. Act for treating the assessee in default for short deduction of Tax at Source of Rs.1060/- and levying the Interest u/s. 201(1A) of Rs. 250/-. It is submitted that the assessee had meticulously deducted and paid the tax as per the law and there is no default u/s. 200 of the I.T. Act. The short deduction of Tax at source is recovered from the subsequent payments to the respective deductees and hence there is no default for short deduction of Tax as computed by the Ld. Assessing officer. It is submitted that the assessee be not considered as an assessee in default and demand and interest so levied be entirely deleted. 3. The learned Assessing Officer has grossly erred in holding that the assessee had not paid the tax deducted of Rs.7,99,420/- and consequent interest of Rs.2,43,380/-. It is submitted that all due payments are made to the credit of Central Government and are correctly reported by filling Quarterly Statement in Form 26Q. It is submitted that it be so held now. 4. The learned Assessing Officer has erred in levying interest on alleged late payment of Tax deducted at source Rs.510/- and consequent interest U/s 201(1A) of Rs.146/-. It is submitted that since the tax is paid before due date of payment no interest is payable and same be held now.

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Your appellant craves leave to add, alter and/or to amend all or any of the grounds before the final hearing.

Place: Ahmedabad Date: (Appellant)