https://www.taxtmi.com/caselaws?id=121479 The Tribunal determined that Intel was obligated to deduct tax at source under Section 195, as the transaction was taxable. However, because Intel Asia filed its return and paid the due taxes, Intel was not considered an assessee-in-default under Section 201. Despite this, Intel was liable for interest under Section 201(1A) until the date Intel Asia filed its tax return. The revenue's appeal was partially allowed, confirming the cancellation of the demand under Section 201 but enforcing the interest liability on Intel. en-us Thu, 09 Apr 2009 00:00:00 +0530 Fri, 20 Oct 2023 16:08:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=121479 The Tribunal determined that Intel was obligated to deduct tax at source under Section 195, as the transaction was taxable. However, because Intel Asia filed its return and paid the due taxes, Intel was not considered an assessee-in-default under Section 201. Despite this, Intel was liable for interest under Section 201(1A) until the date Intel Asia filed its tax return. The revenue's appeal was partially allowed, confirming the cancellation of the demand under Section 201 but enforcing the interest liability on Intel. Case-Laws Income Tax Thu, 09 Apr 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=121479