https://www.taxtmi.com/caselaws?id=257281 The tribunal allowed the assessee's appeal, setting aside the order for the payment of interest under section 234B of the Income-tax Act, 1961. The decision emphasized the legal principles governing tax liabilities for payees/deductees and the significance of maintaining the separate identity of corporate entities in tax assessments. The tribunal concluded that the assessee, as a payee/deductee, should not be held liable for the interest under section 234B, aligning with established legal precedents and highlighting the importance of adhering to such precedents in tax matters. en-us Thu, 13 Mar 2014 00:00:00 +0530 Mon, 09 Mar 2015 09:26:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=257281 The tribunal allowed the assessee's appeal, setting aside the order for the payment of interest under section 234B of the Income-tax Act, 1961. The decision emphasized the legal principles governing tax liabilities for payees/deductees and the significance of maintaining the separate identity of corporate entities in tax assessments. The tribunal concluded that the assessee, as a payee/deductee, should not be held liable for the interest under section 234B, aligning with established legal precedents and highlighting the importance of adhering to such precedents in tax matters. Case-Laws Income Tax Thu, 13 Mar 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=257281