https://www.taxtmi.com/caselaws?id=203213 The court held in favor of the assessee on all issues. The court found that there was no default in deducting tax at source from employees' salaries, considering the prevailing laws and High Court decisions. The retrospective amendment in law was not applicable in this case, as there was no provision for TDS at the time. The court also ruled that the quantification of perquisite value, short deduction of tax, and interest was unjustified and the method of calculating the shortfall in tax at a flat rate of 30% was erroneous. As a result, all appeals were allowed in favor of the assessee. en-us Thu, 03 Dec 2009 00:00:00 +0530 Thu, 16 Aug 2012 11:42:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=203213 The court held in favor of the assessee on all issues. The court found that there was no default in deducting tax at source from employees' salaries, considering the prevailing laws and High Court decisions. The retrospective amendment in law was not applicable in this case, as there was no provision for TDS at the time. The court also ruled that the quantification of perquisite value, short deduction of tax, and interest was unjustified and the method of calculating the shortfall in tax at a flat rate of 30% was erroneous. As a result, all appeals were allowed in favor of the assessee. Case-Laws Income Tax Thu, 03 Dec 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=203213