https://www.taxtmi.com/caselaws?id=176679 The High Court held that a deductor failing to deduct tax at source cannot be held liable for the short deducted tax but may be liable for interest and penalty. Assessment orders were quashed, reducing the demand amount. The petitioner's rectification applications were partially allowed, leading to a reduction in the demand. The court directed the petitioner to deposit the interest component within a specified timeframe and stayed the balance demand for short deducted tax during the appeal process. en-us Thu, 29 Jan 2015 00:00:00 +0530 Sat, 26 Dec 2015 13:28:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=176679 The High Court held that a deductor failing to deduct tax at source cannot be held liable for the short deducted tax but may be liable for interest and penalty. Assessment orders were quashed, reducing the demand amount. The petitioner's rectification applications were partially allowed, leading to a reduction in the demand. The court directed the petitioner to deposit the interest component within a specified timeframe and stayed the balance demand for short deducted tax during the appeal process. Case-Laws Income Tax Thu, 29 Jan 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=176679