https://www.taxtmi.com/caselaws?id=390145 The ITAT dismissed the revenue's appeal, affirming that the assessee was not in default under Sections 201(1) and 201(1A) of the Income Tax Act for failing to deduct TDS on interest payments exceeding the basic limit due to form 15G/15H submissions. The decision highlighted the significance of tax compliance and reporting, with the ITAT upholding the ld. CIT(A)'s ruling based on the evidence and remand report, which indicated the assessee's non-default status. en-us Wed, 30 Oct 2019 00:00:00 +0530 Tue, 24 Dec 2019 10:42:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=390145 The ITAT dismissed the revenue's appeal, affirming that the assessee was not in default under Sections 201(1) and 201(1A) of the Income Tax Act for failing to deduct TDS on interest payments exceeding the basic limit due to form 15G/15H submissions. The decision highlighted the significance of tax compliance and reporting, with the ITAT upholding the ld. CIT(A)'s ruling based on the evidence and remand report, which indicated the assessee's non-default status. Case-Laws Income Tax Wed, 30 Oct 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=390145