https://www.taxtmi.com/caselaws?id=70370 The case involved the applicability of Section 194A of the Income-tax Act, 1961, and the validity of CBDT Circulars regarding tax deduction at source. The Tribunal ruled in favor of the assessee, holding that there was no liability to deduct tax from the 'interest payable' under Section 194A. The levy of interest under Section 201 was deemed unjustified, and the appeal was allowed based on the binding nature of the earlier CBDT circular. en-us Fri, 31 Aug 1984 00:00:00 +0530 Fri, 15 Apr 2011 17:53:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=70370 The case involved the applicability of Section 194A of the Income-tax Act, 1961, and the validity of CBDT Circulars regarding tax deduction at source. The Tribunal ruled in favor of the assessee, holding that there was no liability to deduct tax from the 'interest payable' under Section 194A. The levy of interest under Section 201 was deemed unjustified, and the appeal was allowed based on the binding nature of the earlier CBDT circular. Case-Laws Income Tax Fri, 31 Aug 1984 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=70370