https://www.taxtmi.com/caselaws?id=361022 The Tribunal partly allowed the assessee's appeal, directing the Assessing Officer to re-examine the matter focusing on the assessee's knowledge of the lenders' identities at the time of payment. The Tribunal emphasized that if the assessee was unaware of the lenders' identities, it could not be held liable for tax deduction at source, as the provisions would be unworkable. The issue of whether the borrowing fee constituted interest was also remanded for fresh decision by the AO if necessary. en-us Wed, 23 May 2018 00:00:00 +0530 Mon, 28 May 2018 08:59:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=361022 The Tribunal partly allowed the assessee's appeal, directing the Assessing Officer to re-examine the matter focusing on the assessee's knowledge of the lenders' identities at the time of payment. The Tribunal emphasized that if the assessee was unaware of the lenders' identities, it could not be held liable for tax deduction at source, as the provisions would be unworkable. The issue of whether the borrowing fee constituted interest was also remanded for fresh decision by the AO if necessary. Case-Laws Income Tax Wed, 23 May 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=361022