https://www.taxtmi.com/caselaws?id=217347 The Tribunal upheld the decision that the assessee was liable to deduct tax at source under Section 195 of the Income Tax Act for purchasing a residential flat from an NRI. It also confirmed the assessee's default under Section 201(1) for not deducting tax at source and the calculation of tax deduction on the entire sale consideration. The Tribunal ruled that the Assessing Officer was competent to raise the demand under Section 201(1) and upheld the charging of interest under Section 201(1A. The Tribunal dismissed the assessee's appeals, supporting the Assessing Officer and CIT (Appeals) on all issues. en-us Fri, 28 Sep 2012 00:00:00 +0530 Wed, 06 Apr 2016 17:54:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=217347 The Tribunal upheld the decision that the assessee was liable to deduct tax at source under Section 195 of the Income Tax Act for purchasing a residential flat from an NRI. It also confirmed the assessee's default under Section 201(1) for not deducting tax at source and the calculation of tax deduction on the entire sale consideration. The Tribunal ruled that the Assessing Officer was competent to raise the demand under Section 201(1) and upheld the charging of interest under Section 201(1A. The Tribunal dismissed the assessee's appeals, supporting the Assessing Officer and CIT (Appeals) on all issues. Case-Laws Income Tax Fri, 28 Sep 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=217347