https://www.taxtmi.com/caselaws?id=350800 The Tribunal dismissed the department's appeal, upholding the CIT(A)'s decision that Section 194A of the IT Act does not apply to interest accrued in the Site Restoration Fund Account. As the Fund was not considered a time deposit, the assessee was not liable under Sections 201(1) and 201(1A) for TDS. The additions made under these sections were deleted, totaling Rs. 1,05,68,13,294. The department's appeal was therefore dismissed, and there was no liability on the assessee under the IT Act. en-us Fri, 10 Nov 2017 00:00:00 +0530 Mon, 13 Nov 2017 11:47:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=350800 The Tribunal dismissed the department's appeal, upholding the CIT(A)'s decision that Section 194A of the IT Act does not apply to interest accrued in the Site Restoration Fund Account. As the Fund was not considered a time deposit, the assessee was not liable under Sections 201(1) and 201(1A) for TDS. The additions made under these sections were deleted, totaling Rs. 1,05,68,13,294. The department's appeal was therefore dismissed, and there was no liability on the assessee under the IT Act. Case-Laws Income Tax Fri, 10 Nov 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=350800