https://www.taxtmi.com/caselaws?id=193522 The High Court dismissed the appeal challenging the order of the Income-tax Appellate Tribunal for the assessment year 2006-07. The Court upheld the decision that the respondent-assessee was not liable to deduct tax at source under section 194 from the deemed dividend share application money, as the deletion of deemed dividend in the recipients' hands removed the basis for the assessee's liability to deduct tax. The Court emphasized that the Tax Deducted at Source (TDS) proceedings must align with the orders passed on the income in the recipients' hands, leading to the dismissal of the appeal without costs. en-us Sat, 01 Oct 2016 00:00:00 +0530 Thu, 03 Aug 2017 07:15:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=193522 The High Court dismissed the appeal challenging the order of the Income-tax Appellate Tribunal for the assessment year 2006-07. The Court upheld the decision that the respondent-assessee was not liable to deduct tax at source under section 194 from the deemed dividend share application money, as the deletion of deemed dividend in the recipients' hands removed the basis for the assessee's liability to deduct tax. The Court emphasized that the Tax Deducted at Source (TDS) proceedings must align with the orders passed on the income in the recipients' hands, leading to the dismissal of the appeal without costs. Case-Laws Income Tax Sat, 01 Oct 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=193522