https://www.taxtmi.com/caselaws?id=63255 The Tribunal ruled in favor of the appellant company, canceling the penalty imposed under section 201 of the IT Act, 1961 for the financial year 1995-96. The Tribunal determined that the deposit in question was a security deposit and not advance rent, as contended by the Income Tax Officer. As such, the appellant was found not liable for TDS on the deposit, leading to the cancellation of the penalty. en-us Thu, 27 May 2004 00:00:00 +0530 Wed, 01 Aug 2012 00:05:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=63255 The Tribunal ruled in favor of the appellant company, canceling the penalty imposed under section 201 of the IT Act, 1961 for the financial year 1995-96. The Tribunal determined that the deposit in question was a security deposit and not advance rent, as contended by the Income Tax Officer. As such, the appellant was found not liable for TDS on the deposit, leading to the cancellation of the penalty. Case-Laws Income Tax Thu, 27 May 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=63255