https://www.taxtmi.com/caselaws?id=432513 The Tribunal ruled in favor of the assessee in a case involving non-remittance of TDS and non-deduction of TDS on subvention interest. Regarding non-remittance of TDS, the Tribunal remitted the issue back to the AO to allow the assessee to provide evidence that the payees had paid the taxes due. Concerning non-deduction of TDS on subvention interest, the Tribunal held that the assessee, acting on behalf of the buyer, was not liable to deduct TDS as the primary liability for interest payment rested with the buyer. Therefore, the demand raised under sections 201 and 201(1A) was deleted. en-us Tue, 12 Jul 2022 00:00:00 +0530 Fri, 06 Jan 2023 18:11:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=432513 The Tribunal ruled in favor of the assessee in a case involving non-remittance of TDS and non-deduction of TDS on subvention interest. Regarding non-remittance of TDS, the Tribunal remitted the issue back to the AO to allow the assessee to provide evidence that the payees had paid the taxes due. Concerning non-deduction of TDS on subvention interest, the Tribunal held that the assessee, acting on behalf of the buyer, was not liable to deduct TDS as the primary liability for interest payment rested with the buyer. Therefore, the demand raised under sections 201 and 201(1A) was deleted. Case-Laws Income Tax Tue, 12 Jul 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=432513