https://www.taxtmi.com/caselaws?id=428202 The Tribunal held that the assessee was liable under Sections 201(1) and 201(1A) for not deducting tax at source under Section 195 of the Income Tax Act. The Tribunal rejected the argument that interest under Section 201(1A) is compensatory and should not be levied if the recipient has already paid the tax. The Tribunal found that the proviso to Section 201(1) regarding resident payees did not apply to non-resident payees for the relevant assessment year. The Tribunal dismissed the appeals by the assessee and allowed the appeal by the revenue, affirming the liability of the assessee for tax and interest. en-us Fri, 23 Sep 2022 00:00:00 +0530 Mon, 26 Sep 2022 08:31:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=428202 The Tribunal held that the assessee was liable under Sections 201(1) and 201(1A) for not deducting tax at source under Section 195 of the Income Tax Act. The Tribunal rejected the argument that interest under Section 201(1A) is compensatory and should not be levied if the recipient has already paid the tax. The Tribunal found that the proviso to Section 201(1) regarding resident payees did not apply to non-resident payees for the relevant assessment year. The Tribunal dismissed the appeals by the assessee and allowed the appeal by the revenue, affirming the liability of the assessee for tax and interest. Case-Laws Income Tax Fri, 23 Sep 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=428202