https://www.taxtmi.com/caselaws?id=206459 The Tribunal ruled in favor of the assessee, a State Government Public Sector Company, in a tax dispute case. It found that the assessee was not in default under section 201(1) of the Act as it had separate contracts for supply of materials, erection work, and civil work, with only the latter two requiring TDS deductions. The Tribunal determined that the supply of materials did not fall under the TDS obligation. As a result, the interest under section 201(1A) was deemed inapplicable. The Tribunal also clarified the nature of the contracts and dismissed allegations of tax evasion collusion, ultimately allowing the assessee's appeals for the relevant assessment years. en-us Thu, 17 Mar 2011 00:00:00 +0530 Wed, 02 Nov 2011 07:32:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=206459 The Tribunal ruled in favor of the assessee, a State Government Public Sector Company, in a tax dispute case. It found that the assessee was not in default under section 201(1) of the Act as it had separate contracts for supply of materials, erection work, and civil work, with only the latter two requiring TDS deductions. The Tribunal determined that the supply of materials did not fall under the TDS obligation. As a result, the interest under section 201(1A) was deemed inapplicable. The Tribunal also clarified the nature of the contracts and dismissed allegations of tax evasion collusion, ultimately allowing the assessee's appeals for the relevant assessment years. Case-Laws Income Tax Thu, 17 Mar 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=206459