https://www.taxtmi.com/caselaws?id=151449 The Tribunal upheld the decision that the assessee was liable for failing to deposit tax deducted at source (TDS) into the Government account, resulting in default under section 201(1). Financial difficulties were not considered a valid excuse for non-compliance, emphasizing the obligation to promptly deposit TDS. The interest levy under section 201(1A) was affirmed as compensatory, leading to the dismissal of all appeals by the assessee regarding TDS default and interest liability. en-us Fri, 11 Dec 2009 00:00:00 +0530 Thu, 06 Jun 2013 09:56:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=151449 The Tribunal upheld the decision that the assessee was liable for failing to deposit tax deducted at source (TDS) into the Government account, resulting in default under section 201(1). Financial difficulties were not considered a valid excuse for non-compliance, emphasizing the obligation to promptly deposit TDS. The interest levy under section 201(1A) was affirmed as compensatory, leading to the dismissal of all appeals by the assessee regarding TDS default and interest liability. Case-Laws Income Tax Fri, 11 Dec 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=151449