https://www.taxtmi.com/caselaws?id=275649 The Appellate Tribunal ruled in favor of the assessee in a tax case involving the withholding demand under sections 201 and 201(1A) of the IT Act. The Tribunal found that the payment for the purchase of land was made to an individual resident in India, not directly to non-residents, thus s. 195 did not apply. Consequently, the tax withholding demand of &8377; 4,41,680 and penalty under s. 271C(1) of the Act were quashed as the assessee could not be treated as an assessee in default. Both appeals were allowed, leading to the deletion of the penalty. en-us Fri, 27 Nov 2009 00:00:00 +0530 Thu, 11 Oct 2018 11:49:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=275649 The Appellate Tribunal ruled in favor of the assessee in a tax case involving the withholding demand under sections 201 and 201(1A) of the IT Act. The Tribunal found that the payment for the purchase of land was made to an individual resident in India, not directly to non-residents, thus s. 195 did not apply. Consequently, the tax withholding demand of &8377; 4,41,680 and penalty under s. 271C(1) of the Act were quashed as the assessee could not be treated as an assessee in default. Both appeals were allowed, leading to the deletion of the penalty. Case-Laws Income Tax Fri, 27 Nov 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=275649