https://www.taxtmi.com/caselaws?id=328247 Year-end provisions for accrued liabilities did not attract TDS where the payees were not identifiable at the time of booking, the entries were made on an estimated basis, and the amounts were later reversed or taxed when the liability crystallised; the related demand under section 201(1) and interest under section 201(1A) were therefore not sustainable. Purchases of traded goods and packing material were also held not to require TDS on the facts found, as they were not treated as works contracts; once the substantive TDS demand failed, the consequential interest levy under section 201(1A) also fell away. en-us Wed, 25 May 2016 00:00:00 +0530 Sun, 29 May 2016 22:47:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=328247 Year-end provisions for accrued liabilities did not attract TDS where the payees were not identifiable at the time of booking, the entries were made on an estimated basis, and the amounts were later reversed or taxed when the liability crystallised; the related demand under section 201(1) and interest under section 201(1A) were therefore not sustainable. Purchases of traded goods and packing material were also held not to require TDS on the facts found, as they were not treated as works contracts; once the substantive TDS demand failed, the consequential interest levy under section 201(1A) also fell away. Case-Laws Income Tax Wed, 25 May 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=328247