https://www.taxtmi.com/caselaws?id=393814 The ITAT reversed the orders declaring the appellant as "an assessee in default" under section 201(1) of the I.T. Act, 1961. The Tribunal found that payments made to staff were not of a contractual nature and should be subject to section 192, not section 194C. Consequently, penalties imposed were annulled, and all appeals were allowed, underscoring the necessity of accurate application of tax provisions based on the nature of payments and the legal relationship between parties. en-us Thu, 19 Mar 2020 00:00:00 +0530 Wed, 06 Nov 2024 12:55:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=393814 The ITAT reversed the orders declaring the appellant as "an assessee in default" under section 201(1) of the I.T. Act, 1961. The Tribunal found that payments made to staff were not of a contractual nature and should be subject to section 192, not section 194C. Consequently, penalties imposed were annulled, and all appeals were allowed, underscoring the necessity of accurate application of tax provisions based on the nature of payments and the legal relationship between parties. Case-Laws Income Tax Thu, 19 Mar 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=393814