https://www.taxtmi.com/caselaws?id=262293 Section 40(a)(ia) was treated as inapplicable where tax was deducted, but under the wrong TDS provision and at a lower rate, because the default amounted to short deduction rather than complete non-deduction; the disallowance was therefore not attracted. In relation to interest under section 234B, the principle applied was that where the payer was statutorily bound to deduct tax at source, the recipient assessee is not ordinarily liable for interest for the payer's failure to deduct; the interest was accordingly held not leviable. The appellate relief was thus sustained on both issues. en-us Fri, 09 Jan 2015 00:00:00 +0530 Fri, 07 Aug 2015 06:36:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=262293 Section 40(a)(ia) was treated as inapplicable where tax was deducted, but under the wrong TDS provision and at a lower rate, because the default amounted to short deduction rather than complete non-deduction; the disallowance was therefore not attracted. In relation to interest under section 234B, the principle applied was that where the payer was statutorily bound to deduct tax at source, the recipient assessee is not ordinarily liable for interest for the payer's failure to deduct; the interest was accordingly held not leviable. The appellate relief was thus sustained on both issues. Case-Laws Income Tax Fri, 09 Jan 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=262293