Introducing the “In Favour Of” filter in Case Laws.
- ⚖️ Instantly identify judgments decided in favour of the Assessee, Revenue, or Appellant
- 🔍 Narrow down results with higher precision
Try it now in Case Laws →
TaxTMI Login
🚀 New Feature Launched ✕
Just a moment...
Introducing the “In Favour Of” filter in Case Laws.
Try it now in Case Laws →
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Acts & Rules
of of All Acts & Rules
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Finance Act 2003 amends Income-tax Act: Non-deduction of tax leads to being deemed assessee in default under section 201(1).</h1> In the Finance Act, 2003, an amendment to section 191 of the Income-tax Act introduces an explanation effective from June 1, 2003. It clarifies that if a person, principal officer, or company, as referred to in sections 200 and 194, fails to deduct tax or any part of it, and the tax remains unpaid by the assessee, then they will be considered an assessee in default under section 201(1). This is applicable without affecting any other consequences they might face.
TaxTMI 
TaxTMI 
