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STATE. BANK OF PATWA versus COMMISSIONER OF INCOME-TAX


Tax deduction at source bank shows the amount of salary paid to each employee and the amount of waiver claimed by each employee. In the case of two employees, the bank deducted the tax on the source after deducting the investment on tax basis. Bank deposited in NSC certificate and PPF account explains the ITO investment source to be made into NSC and PPF account In one case, an employee's money was invested a few days before the bank's investment. In case of withdrawal and handed over to the agent for investment, the return of another employee was proved by the investment from his over draft account in the bank which had his salary credited and the source of the money was told. There is no option to inquire about the investment resources in the case of two employees or the fact that they have , And no demand arose, responsible for the ITO Passing Order Receipt Employees responsible for the short receipt of ITO tax order The Commissioner demanded that the Indian Income Tax Act, 1961, section 154, Against the demand made in 192, 201 and 264, he directed the employer to return the money paid by him with interest.

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