Court Upholds Interest Liability for TDS Failures u/s 201(1A) Despite Nil or Loss Returns by Payee.

Court Upholds Interest Liability for TDS Failures u/s 201(1A) Despite Nil or Loss Returns by Payee. https://www.taxtmi.com/highlights?id=32618 Default u/s 201(1) - failure to deduct TDS - liability to pay interest u/s 201(1A) if the payee of such amounts has files a nil return or a return showing a loss - assessee is not permitted to decide for itself what the liability of the deductee assessee is or is likely to be - demand of interest confirmed - HC en-us Fri, 30 Dec 2016 15:31:15 +0530 Fri, 30 Dec 2016 15:31:15 +0530 TaxTMI RSS Generator Court Upholds Interest Liability for TDS Failures u/s 201(1A) Despite Nil or Loss Returns by Payee. https://www.taxtmi.com/highlights?id=32618 Default u/s 201(1) - failure to deduct TDS - liability to pay interest u/s 201(1A) if the payee of such amounts has files a nil return or a return showing a loss - assessee is not permitted to decide for itself what the liability of the deductee assessee is or is likely to be - demand of interest confirmed - HC Highlights Income Tax Fri, 30 Dec 2016 15:31:15 +0530 https://www.taxtmi.com/highlights?id=32618