https://www.taxtmi.com/caselaws?id=242005 The Tribunal allowed the appeals for statistical purposes, directing the Assessing Officer to verify tax payments by the recipients. It emphasized that recovery provisions under Section 201(1) could only be invoked if there was a loss of revenue, which would be established if the recipients had not paid due taxes. The Tribunal relied on the decision of the Hon'ble Calcutta High Court regarding the principal-agent relationship for TDS purposes and instructed the AO to determine if recipients had paid taxes on the income to decide if the assessee was in default under Section 201. en-us Thu, 19 Dec 2013 00:00:00 +0530 Mon, 06 Jan 2014 06:35:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=242005 The Tribunal allowed the appeals for statistical purposes, directing the Assessing Officer to verify tax payments by the recipients. It emphasized that recovery provisions under Section 201(1) could only be invoked if there was a loss of revenue, which would be established if the recipients had not paid due taxes. The Tribunal relied on the decision of the Hon'ble Calcutta High Court regarding the principal-agent relationship for TDS purposes and instructed the AO to determine if recipients had paid taxes on the income to decide if the assessee was in default under Section 201. Case-Laws Income Tax Thu, 19 Dec 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=242005