https://www.taxtmi.com/caselaws?id=260276 The Tribunal found in favor of the assessee, ruling that the assessee was not in default under Section 201 of the Income-tax Act, 1961, for failing to deduct TDS on interest payments to KUIDFC. The Tribunal held that the interest payments to KUIDFC should be considered as payments to the Government under Section 196, exempting them from TDS. The Tribunal set aside the orders of the CIT(A) and the AO, allowing the assessee's appeals for the assessment years 2007-08 to 2009-10. en-us Tue, 31 Mar 2015 00:00:00 +0530 Mon, 08 Jun 2015 08:22:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=260276 The Tribunal found in favor of the assessee, ruling that the assessee was not in default under Section 201 of the Income-tax Act, 1961, for failing to deduct TDS on interest payments to KUIDFC. The Tribunal held that the interest payments to KUIDFC should be considered as payments to the Government under Section 196, exempting them from TDS. The Tribunal set aside the orders of the CIT(A) and the AO, allowing the assessee's appeals for the assessment years 2007-08 to 2009-10. Case-Laws Income Tax Tue, 31 Mar 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=260276