https://www.taxtmi.com/caselaws?id=389559 The Tribunal held that the assessee cannot be treated as in default for short deduction of tax under section 201(1) of the Income-tax Act when the deduction exceeds the amounts specified in certificates issued under section 197(2). The Tribunal emphasized that certificates under section 197(2) are person-specific, not income-specific, protecting assesses from default in such cases. The Commissioner's orders were reversed, providing clarity on tax deduction at source and preventing assesses from facing penalties for deductions exceeding specified certificate amounts. en-us Fri, 25 Oct 2019 00:00:00 +0530 Wed, 11 Dec 2019 13:36:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=389559 The Tribunal held that the assessee cannot be treated as in default for short deduction of tax under section 201(1) of the Income-tax Act when the deduction exceeds the amounts specified in certificates issued under section 197(2). The Tribunal emphasized that certificates under section 197(2) are person-specific, not income-specific, protecting assesses from default in such cases. The Commissioner's orders were reversed, providing clarity on tax deduction at source and preventing assesses from facing penalties for deductions exceeding specified certificate amounts. Case-Laws Income Tax Fri, 25 Oct 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=389559