https://www.taxtmi.com/caselaws?id=61622 The ITAT Chandigarh-A allowed both appeals, ruling in favor of the assessee. The tax withholding demand under sections 201 and 201(1A) of the IT Act was quashed as the payment made to an Indian resident for land purchase from non-residents was not covered under section 195. Consequently, the penalty under section 271C(1) was deleted since the assessee was not in default under sections 201 and 201(1A). The ITAT's decision provided relief to the assessee by overturning the tax demand and penalty, based on legal interpretations and factual analysis. en-us Mon, 27 Nov 2006 00:00:00 +0530 Thu, 13 Jan 2011 16:07:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=61622 The ITAT Chandigarh-A allowed both appeals, ruling in favor of the assessee. The tax withholding demand under sections 201 and 201(1A) of the IT Act was quashed as the payment made to an Indian resident for land purchase from non-residents was not covered under section 195. Consequently, the penalty under section 271C(1) was deleted since the assessee was not in default under sections 201 and 201(1A). The ITAT's decision provided relief to the assessee by overturning the tax demand and penalty, based on legal interpretations and factual analysis. Case-Laws Income Tax Mon, 27 Nov 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=61622