https://www.taxtmi.com/caselaws?id=69976 The Tribunal held that the liability to deduct tax under section 194A arises at the time of crediting interest in the accounts, not upon consolidation at the head office. Consequently, the liability to pay interest under section 201(1A) also arises from the date of such credit entries. The Tribunal disagreed with treating branch accounts as part of head office accounts for tax deduction purposes. The Tribunal reversed the Commissioner (Appeals) decision, restoring the ITO's orders and allowing the revenue's appeals. en-us Fri, 31 Oct 1986 00:00:00 +0530 Wed, 13 Apr 2011 11:46:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=69976 The Tribunal held that the liability to deduct tax under section 194A arises at the time of crediting interest in the accounts, not upon consolidation at the head office. Consequently, the liability to pay interest under section 201(1A) also arises from the date of such credit entries. The Tribunal disagreed with treating branch accounts as part of head office accounts for tax deduction purposes. The Tribunal reversed the Commissioner (Appeals) decision, restoring the ITO's orders and allowing the revenue's appeals. Case-Laws Income Tax Fri, 31 Oct 1986 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=69976