https://www.taxtmi.com/caselaws?id=245086 The Tribunal allowed the appeals, setting aside the orders of the Assessing Officer and the Commissioner of Income Tax (Appeals). The Tribunal held that the assessee cannot be held liable for non/less deduction of tax at source under sections 201(1) and 201(1A) due to the procedural lapse of not submitting Form 15G and 15H within the prescribed time. The Tribunal emphasized that the obligation to deduct tax does not arise if the payer has obtained the necessary declarations from the payees. en-us Fri, 14 Mar 2014 00:00:00 +0530 Sat, 21 Mar 2015 11:44:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=245086 The Tribunal allowed the appeals, setting aside the orders of the Assessing Officer and the Commissioner of Income Tax (Appeals). The Tribunal held that the assessee cannot be held liable for non/less deduction of tax at source under sections 201(1) and 201(1A) due to the procedural lapse of not submitting Form 15G and 15H within the prescribed time. The Tribunal emphasized that the obligation to deduct tax does not arise if the payer has obtained the necessary declarations from the payees. Case-Laws Income Tax Fri, 14 Mar 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=245086