The Calcutta High Court has confirmed the decree imposing TDS on unsecured loans

Fact and issue of the case

The Court: Heard learned advocates appearing for the parties.

Pursuant to the earlier order of this Court dated 13th July, 2023, Mr. Dudhoria, learned advocate appearing for the respondent Income Tax Authority concerned has produced the relevant documents to establish that the petitioner had entered into transaction with M/s. Quetzal Exim Private Limited from which petitioner has taken loan on account of unsecured loan and the TDS was deducted on the said loan relating to financial year 20 18- 19/assessment year 2019-20.

Considering the facts and circumstances of this case and the records produced by the learned advocate appearing for the respondents, I am not inclined to interfere with the impugned order under Section 148A(d) of the Income Tax Act, 1961 and accordingly this writ petition being WPO 1288 of 2023 is dismissed.

Observation of the court

However, dismissal of this writ petition will not be a bar on the part of the petitioner to raise all the points before the assessing officer concerned which has been raised in this writ petition subsequent to the order passed under Section 148A(d) of the Act.

Mr. Dudhoria has handed over instruction along with xerox copies of all the relevant documents to Mr. Agarwal, learned advocate appearing for the petitioner.