https://www.taxtmi.com/caselaws?id=271325 The Tribunal dismissed all four appeals filed by the Revenue, affirming the CIT(A)'s decisions to grant relief to the assessee regarding non-deduction of tax at source on interest debited to the Profit & Loss Account for debentures and the assessment of tax liability under sections 201(1) and 201(1A) of the Income-tax Act, 1961. The Tribunal found that the assessee had not committed any default in deducting tax at source as no income accrued to the debenture holders, supporting the CIT(A)'s decision based on the unique circumstances of the case for all assessment years. en-us Wed, 04 Nov 2015 00:00:00 +0530 Wed, 17 Feb 2016 19:02:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=271325 The Tribunal dismissed all four appeals filed by the Revenue, affirming the CIT(A)'s decisions to grant relief to the assessee regarding non-deduction of tax at source on interest debited to the Profit & Loss Account for debentures and the assessment of tax liability under sections 201(1) and 201(1A) of the Income-tax Act, 1961. The Tribunal found that the assessee had not committed any default in deducting tax at source as no income accrued to the debenture holders, supporting the CIT(A)'s decision based on the unique circumstances of the case for all assessment years. Case-Laws Income Tax Wed, 04 Nov 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=271325