https://www.taxtmi.com/caselaws?id=69591 The Tribunal upheld the requirement for the assessee-company to deduct tax at source under section 194A, dismissing the appeals against the orders under section 201(1). However, it set aside the orders under section 201(1A) and remitted the matter back to the Assessing Officer to determine the actual tax liability, considering the tax payments made by the investors. The Tribunal recognized the innovative nature of the scheme but emphasized compliance with the extended definition of "interest" under the Income-tax Act. en-us Wed, 14 Feb 1996 00:00:00 +0530 Thu, 07 Apr 2011 18:01:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=69591 The Tribunal upheld the requirement for the assessee-company to deduct tax at source under section 194A, dismissing the appeals against the orders under section 201(1). However, it set aside the orders under section 201(1A) and remitted the matter back to the Assessing Officer to determine the actual tax liability, considering the tax payments made by the investors. The Tribunal recognized the innovative nature of the scheme but emphasized compliance with the extended definition of "interest" under the Income-tax Act. Case-Laws Income Tax Wed, 14 Feb 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=69591