https://www.taxtmi.com/caselaws?id=396521 The Tribunal upheld the CIT (A)'s findings that the Assessing Officer lacked jurisdiction to pass orders under Sections 201(1) and 201(1A) of the Income Tax Act. It was determined that the assessee was not obligated to deduct TDS under Section 194A as individual interest payments did not exceed the threshold. Consequently, the penalty under Section 271C was canceled. The revenue's appeals were dismissed, and the assessee's cross-objections were allowed. en-us Mon, 08 Jun 2020 00:00:00 +0530 Mon, 01 Jun 2026 17:55:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=396521 The Tribunal upheld the CIT (A)'s findings that the Assessing Officer lacked jurisdiction to pass orders under Sections 201(1) and 201(1A) of the Income Tax Act. It was determined that the assessee was not obligated to deduct TDS under Section 194A as individual interest payments did not exceed the threshold. Consequently, the penalty under Section 271C was canceled. The revenue's appeals were dismissed, and the assessee's cross-objections were allowed. Case-Laws Income Tax Mon, 08 Jun 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=396521