https://www.taxtmi.com/caselaws?id=185372 The tribunal allowed the appeals filed by the assessee, ruling that the assessee should not be considered in default under Section 201(1) and that no interest should be imposed under Section 201(1A). The tribunal upheld the validity of the TDS certificates issued under Section 197(1) retrospectively and highlighted the absence of tax liability for the payee, M/s SsangYong Engineering and Construction Co Ltd., who had incurred losses and received a refund of the tax deducted at source. en-us Thu, 12 Sep 2013 00:00:00 +0530 Wed, 16 Nov 2016 12:16:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=185372 The tribunal allowed the appeals filed by the assessee, ruling that the assessee should not be considered in default under Section 201(1) and that no interest should be imposed under Section 201(1A). The tribunal upheld the validity of the TDS certificates issued under Section 197(1) retrospectively and highlighted the absence of tax liability for the payee, M/s SsangYong Engineering and Construction Co Ltd., who had incurred losses and received a refund of the tax deducted at source. Case-Laws Income Tax Thu, 12 Sep 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=185372