https://www.taxtmi.com/caselaws?id=186500 The High Court of Karnataka dismissed the revenue's appeal challenging the Income Tax Appellate Tribunal's decision. The court held that the assessee, as a purchaser of land, was not required to deduct tax at source when paying the sale consideration on an installment basis. The responsibility to pay capital gains tax lay with the seller. Therefore, the court ruled in favor of the assessee, concluding that the provisions of Section 194C and 201(1) of the Income Tax Act did not apply in this case. en-us Wed, 10 Mar 2010 00:00:00 +0530 Tue, 20 Sep 2016 18:28:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=186500 The High Court of Karnataka dismissed the revenue's appeal challenging the Income Tax Appellate Tribunal's decision. The court held that the assessee, as a purchaser of land, was not required to deduct tax at source when paying the sale consideration on an installment basis. The responsibility to pay capital gains tax lay with the seller. Therefore, the court ruled in favor of the assessee, concluding that the provisions of Section 194C and 201(1) of the Income Tax Act did not apply in this case. Case-Laws Income Tax Wed, 10 Mar 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=186500