https://www.taxtmi.com/caselaws?id=282679 The Tribunal upheld the Ld. CIT(A)'s order, dismissing the appellant's appeal. It affirmed the liability of the appellant bank for the TDS shortfall on interest payments to the official liquidator of a company in liquidation. The judgment highlighted the statutory duty of the official liquidator to adhere to tax laws and the bank's obligation to deduct TDS under the Income-tax Act. The Tribunal rejected the argument that legal proceedings required permission from the Company Court, asserting the assessing officer's authority to pursue actions for TDS non-compliance. en-us Fri, 24 Feb 2012 00:00:00 +0530 Mon, 19 Aug 2019 18:20:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=282679 The Tribunal upheld the Ld. CIT(A)'s order, dismissing the appellant's appeal. It affirmed the liability of the appellant bank for the TDS shortfall on interest payments to the official liquidator of a company in liquidation. The judgment highlighted the statutory duty of the official liquidator to adhere to tax laws and the bank's obligation to deduct TDS under the Income-tax Act. The Tribunal rejected the argument that legal proceedings required permission from the Company Court, asserting the assessing officer's authority to pursue actions for TDS non-compliance. Case-Laws Income Tax Fri, 24 Feb 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=282679