<h1>Supreme Court Rules Company Must Deduct TDS on Interest for Loans in Company's Name u/s 194A.</h1> In a Supreme Court case, a company claimed it was not required to deduct TDS on interest paid for loans taken on behalf of its directors. The Income Tax Appellate Tribunal (ITAT) initially ruled in favor of the company, stating there was no obligation to deduct TDS as the loans were for the directors, not the company. However, the Supreme Court reversed this decision, ruling that the company must comply with Section 194A of the Income-tax Act, 1961, and deduct TDS on the interest paid, as the loans were taken in the company's name.