https://www.taxtmi.com/caselaws?id=384621 The Court affirmed the appellant, a nationalized Bank, as an assessee in default under Section 201 of the Income Tax Act for failing to deduct tax at source on interest generated by the Official Liquidator. The appellant's argument regarding the recipient's income status was rejected, emphasizing the Bank's obligation to deduct tax regardless. The appeal was dismissed, with the Court upholding the liability and demand raised against the Bank for not complying with tax deduction obligations. en-us Wed, 14 Aug 2019 00:00:00 +0530 Mon, 19 Aug 2019 07:18:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=384621 The Court affirmed the appellant, a nationalized Bank, as an assessee in default under Section 201 of the Income Tax Act for failing to deduct tax at source on interest generated by the Official Liquidator. The appellant's argument regarding the recipient's income status was rejected, emphasizing the Bank's obligation to deduct tax regardless. The appeal was dismissed, with the Court upholding the liability and demand raised against the Bank for not complying with tax deduction obligations. Case-Laws Income Tax Wed, 14 Aug 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=384621