https://www.taxtmi.com/caselaws?id=398703 Three partnership firms appealed against assessment orders for failing to deduct tax on interest payments under section 194A of the Income-tax Act. The court held that failure to deduct tax on interest payments results in being deemed an assessee-in-default under section 201, with liability extending to the partnership firm's partners. The judgment affirmed the assessment orders, emphasizing joint and several liability of partners. The appeals were dismissed, upholding the decision of the Appellate Tribunal. en-us Tue, 09 Jun 2020 00:00:00 +0530 Tue, 22 Sep 2020 17:23:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=398703 Three partnership firms appealed against assessment orders for failing to deduct tax on interest payments under section 194A of the Income-tax Act. The court held that failure to deduct tax on interest payments results in being deemed an assessee-in-default under section 201, with liability extending to the partnership firm's partners. The judgment affirmed the assessment orders, emphasizing joint and several liability of partners. The appeals were dismissed, upholding the decision of the Appellate Tribunal. Case-Laws Income Tax Tue, 09 Jun 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=398703