https://www.taxtmi.com/caselaws?id=350752 The Tribunal upheld the decision to treat the assessee as a defaulter under Section 201(1) and charge interest under Section 201(1A) for not deducting tax at source on prepaid SIM card transactions. However, it directed the Assessing Officer to determine the interest liability based on the date taxes were due until the date recipients/distributors filed their income tax returns. The Tribunal also found the requirement to furnish Form 26A impractical for the assessment years in question, considering the nature of transactions and the bonafide belief held by the assessee. en-us Wed, 25 Oct 2017 00:00:00 +0530 Sat, 11 Nov 2017 10:55:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=350752 The Tribunal upheld the decision to treat the assessee as a defaulter under Section 201(1) and charge interest under Section 201(1A) for not deducting tax at source on prepaid SIM card transactions. However, it directed the Assessing Officer to determine the interest liability based on the date taxes were due until the date recipients/distributors filed their income tax returns. The Tribunal also found the requirement to furnish Form 26A impractical for the assessment years in question, considering the nature of transactions and the bonafide belief held by the assessee. Case-Laws Income Tax Wed, 25 Oct 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=350752