https://www.taxtmi.com/caselaws?id=64838 The Tribunal ruled in favor of the assessee, holding that the obligation to deduct tax at source under sections 201 and 201(1A) of the IT Act did not apply in this case. The Tribunal found that the compensation paid by the assessee as directed by the Court did not constitute 'interest' under the IT Act, relieving the assessee from the duty to deduct TDS. Consequently, the demand imposed by the Assessing Officer was canceled, and the Revenue's appeal was dismissed. en-us Fri, 06 May 2005 00:00:00 +0530 Wed, 18 Jul 2012 16:51:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=64838 The Tribunal ruled in favor of the assessee, holding that the obligation to deduct tax at source under sections 201 and 201(1A) of the IT Act did not apply in this case. The Tribunal found that the compensation paid by the assessee as directed by the Court did not constitute 'interest' under the IT Act, relieving the assessee from the duty to deduct TDS. Consequently, the demand imposed by the Assessing Officer was canceled, and the Revenue's appeal was dismissed. Case-Laws Income Tax Fri, 06 May 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=64838