https://www.taxtmi.com/caselaws?id=21279 The court held that the assessee was liable to deduct income-tax on interest paid to non-resident customers under section 195 of the Income-tax Act, as the Income-tax Officer had not treated the assessee as an agent. The court also ruled that the liability to pay interest under section 201(1A) remains even if the recovery is time-barred. The Tribunal's decision not to quash the Income-tax Officer's order was justified, directing further examination into cases where interest was paid without tax deduction. The court decided in favor of the Revenue on these issues, with no ruling provided on the duty of the assessee-bank to provide payment dates to non-residents. en-us Mon, 11 Sep 1989 00:00:00 +0530 Sat, 21 Nov 2009 12:10:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=21279 The court held that the assessee was liable to deduct income-tax on interest paid to non-resident customers under section 195 of the Income-tax Act, as the Income-tax Officer had not treated the assessee as an agent. The court also ruled that the liability to pay interest under section 201(1A) remains even if the recovery is time-barred. The Tribunal's decision not to quash the Income-tax Officer's order was justified, directing further examination into cases where interest was paid without tax deduction. The court decided in favor of the Revenue on these issues, with no ruling provided on the duty of the assessee-bank to provide payment dates to non-residents. Case-Laws Income Tax Mon, 11 Sep 1989 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=21279