https://www.taxtmi.com/caselaws?id=333379 The court ruled in favor of the petitioner, holding that the assessee was not liable to pay interest under Sections 234B and 234C of the Income Tax Act, 1961. The court emphasized that the primary responsibility for deducting tax at source rested with the payer, absolving the assessee of interest liability for the defaults of the deductor. The decision aligned with the precedent set in the GE Packaged Power Inc. case, setting aside the demand for interest while allowing the department to proceed as per specific directions outlined in the judgment. en-us Tue, 27 Sep 2016 00:00:00 +0530 Wed, 12 Oct 2016 17:08:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=333379 The court ruled in favor of the petitioner, holding that the assessee was not liable to pay interest under Sections 234B and 234C of the Income Tax Act, 1961. The court emphasized that the primary responsibility for deducting tax at source rested with the payer, absolving the assessee of interest liability for the defaults of the deductor. The decision aligned with the precedent set in the GE Packaged Power Inc. case, setting aside the demand for interest while allowing the department to proceed as per specific directions outlined in the judgment. Case-Laws Income Tax Tue, 27 Sep 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=333379