https://www.taxtmi.com/caselaws?id=217902 The Tribunal affirmed the first appellate order, ruling in favor of the assessee and dismissing the revenue's appeal. The interest charged under section 234 B was deleted by the Ld. CIT (A) based on the decision of the Hon'ble Jurisdictional High Court, which held that the assessee cannot be held liable for interest u/s 234 B due to the payer's default in deducting tax at source. The Tribunal found that the assessee had no liability to pay advance tax as the tax on the entire income was required to be deducted at source by payers under Section 195(2). en-us Fri, 24 Aug 2012 00:00:00 +0530 Tue, 30 Oct 2012 08:12:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=217902 The Tribunal affirmed the first appellate order, ruling in favor of the assessee and dismissing the revenue's appeal. The interest charged under section 234 B was deleted by the Ld. CIT (A) based on the decision of the Hon'ble Jurisdictional High Court, which held that the assessee cannot be held liable for interest u/s 234 B due to the payer's default in deducting tax at source. The Tribunal found that the assessee had no liability to pay advance tax as the tax on the entire income was required to be deducted at source by payers under Section 195(2). Case-Laws Income Tax Fri, 24 Aug 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=217902