https://www.taxtmi.com/caselaws?id=276689 The Tribunal allowed the appeal filed by the assessee for statistical purposes, directing the AO to re-examine the issue of confirming the demand raised under section 201(1)/201(1A) of the Income Tax Act for the assessment year 2011-12. The Tribunal emphasized the importance of thoroughly assessing the nature of relationships between the assessee, shipping companies, and employees to determine liability accurately, highlighting deficiencies in the tax authorities' analysis. The order of the Ld CIT(A) confirming the demand was set aside, granting the assessee the benefit of the 3rd proviso to section 201(1) for further review. en-us Mon, 05 Dec 2016 00:00:00 +0530 Fri, 16 Nov 2018 06:51:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=276689 The Tribunal allowed the appeal filed by the assessee for statistical purposes, directing the AO to re-examine the issue of confirming the demand raised under section 201(1)/201(1A) of the Income Tax Act for the assessment year 2011-12. The Tribunal emphasized the importance of thoroughly assessing the nature of relationships between the assessee, shipping companies, and employees to determine liability accurately, highlighting deficiencies in the tax authorities' analysis. The order of the Ld CIT(A) confirming the demand was set aside, granting the assessee the benefit of the 3rd proviso to section 201(1) for further review. Case-Laws Income Tax Mon, 05 Dec 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=276689