https://www.taxtmi.com/caselaws?id=243328 The tribunal upheld the order of the CIT(A) and confirmed the assessee's liability to deduct tax at source under Section 194A, treatment as an 'assessee in default' under Section 201, and the levy of interest under Section 201(1A). The tribunal emphasized the importance of compliance with TDS provisions and clarified that the liability to deduct tax at source is independent of whether the interest is claimed as an expenditure or not. The tribunal also highlighted that the provisions of Section 40(a)(ia) do not override Section 201, justifying the initiation of proceedings under Section 201 due to the assessee's failure to deduct tax at source. en-us Fri, 16 Aug 2013 00:00:00 +0530 Thu, 30 Jan 2014 09:34:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=243328 The tribunal upheld the order of the CIT(A) and confirmed the assessee's liability to deduct tax at source under Section 194A, treatment as an 'assessee in default' under Section 201, and the levy of interest under Section 201(1A). The tribunal emphasized the importance of compliance with TDS provisions and clarified that the liability to deduct tax at source is independent of whether the interest is claimed as an expenditure or not. The tribunal also highlighted that the provisions of Section 40(a)(ia) do not override Section 201, justifying the initiation of proceedings under Section 201 due to the assessee's failure to deduct tax at source. Case-Laws Income Tax Fri, 16 Aug 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=243328