https://www.taxtmi.com/caselaws?id=331795 The High Court dismissed the Revenue's appeal as no substantial question of law arose from the case. The court upheld the Tribunal's decision to delete the demand under section 201(1) and (1A) for not deducting tax at source in the case of Punjab Infrastructure Development Board. It was found that certain payments were exempt from tax deduction under specific sections of the Income-tax Act, aligning with the precedent set in Hindustan Coca Cola Beverage P. Ltd. v. CIT [2007] 293 ITR 226 (SC). The court emphasized the importance of considering exemptions when determining tax deduction liability. en-us Wed, 16 Mar 2016 00:00:00 +0530 Fri, 02 Sep 2016 12:27:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=331795 The High Court dismissed the Revenue's appeal as no substantial question of law arose from the case. The court upheld the Tribunal's decision to delete the demand under section 201(1) and (1A) for not deducting tax at source in the case of Punjab Infrastructure Development Board. It was found that certain payments were exempt from tax deduction under specific sections of the Income-tax Act, aligning with the precedent set in Hindustan Coca Cola Beverage P. Ltd. v. CIT [2007] 293 ITR 226 (SC). The court emphasized the importance of considering exemptions when determining tax deduction liability. Case-Laws Income Tax Wed, 16 Mar 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=331795