https://www.taxtmi.com/caselaws?id=373128 The Tribunal concluded that KPTCL's estimate of its employees' income was made in good faith, considering historical practices and past acceptance by the Revenue. It held that KPTCL's belief that its employees were State Government employees was reasonable and bona fide. Consequently, proceedings under Sections 201(1) and 201(1A) were quashed, and KPTCL was not deemed an Assessee in default. The Tribunal dismissed the Revenue's miscellaneous petitions, upholding its original decision on January 4, 2019. en-us Fri, 04 Jan 2019 00:00:00 +0530 Sat, 05 Jan 2019 10:36:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=373128 The Tribunal concluded that KPTCL's estimate of its employees' income was made in good faith, considering historical practices and past acceptance by the Revenue. It held that KPTCL's belief that its employees were State Government employees was reasonable and bona fide. Consequently, proceedings under Sections 201(1) and 201(1A) were quashed, and KPTCL was not deemed an Assessee in default. The Tribunal dismissed the Revenue's miscellaneous petitions, upholding its original decision on January 4, 2019. Case-Laws Income Tax Fri, 04 Jan 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=373128