https://www.taxtmi.com/caselaws?id=211873 The Tribunal upheld the decision that the banks were not obligated to deduct TDS as the rent paid to each co-owner was below Rs.1,20,000 per annum, and the co-owners had definite and ascertainable shares. The Assessing Officer's orders under Sections 201(1) and 201(1A) were set aside, confirming the banks were not in default. The appeals were dismissed without any order as to costs. en-us Mon, 27 Feb 2012 00:00:00 +0530 Wed, 16 May 2012 19:04:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=211873 The Tribunal upheld the decision that the banks were not obligated to deduct TDS as the rent paid to each co-owner was below Rs.1,20,000 per annum, and the co-owners had definite and ascertainable shares. The Assessing Officer's orders under Sections 201(1) and 201(1A) were set aside, confirming the banks were not in default. The appeals were dismissed without any order as to costs. Case-Laws Income Tax Mon, 27 Feb 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=211873