https://www.taxtmi.com/caselaws?id=380266 Tax deduction under section 194-IA was not required on the transfer of jointly owned immovable property where the sale deed was executed through a power of attorney holder and, in the absence of any contract to the contrary, the consideration was to be apportioned equally between the co-owners. On that basis, each co-owner's share fell below the statutory threshold for deduction, so the provisions did not apply. As the substantive requirement for tax deduction failed, the demand for non-deduction could not stand and the consequential liability under sections 201(1) and 201(1A) was deleted. en-us Mon, 06 May 2019 00:00:00 +0530 Thu, 16 May 2019 15:45:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=380266 Tax deduction under section 194-IA was not required on the transfer of jointly owned immovable property where the sale deed was executed through a power of attorney holder and, in the absence of any contract to the contrary, the consideration was to be apportioned equally between the co-owners. On that basis, each co-owner's share fell below the statutory threshold for deduction, so the provisions did not apply. As the substantive requirement for tax deduction failed, the demand for non-deduction could not stand and the consequential liability under sections 201(1) and 201(1A) was deleted. Case-Laws Income Tax Mon, 06 May 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=380266