https://www.taxtmi.com/caselaws?id=433324 The Tribunal allowed the assessee's appeal, setting aside the order treating the assessee as in default under section 201(1) and 201(1A). It concluded that CAM charges are subject to TDS under section 194C at 2% and not under section 194I at 10%, deleting the liability of Rs. 197503, including TDS and interest. The Tribunal found the TDS and interest liability additions unjustified due to the incorrect application of TDS rates, ultimately ruling in favor of the assessee. en-us Tue, 06 Dec 2022 00:00:00 +0530 Fri, 27 Jan 2023 08:33:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=433324 The Tribunal allowed the assessee's appeal, setting aside the order treating the assessee as in default under section 201(1) and 201(1A). It concluded that CAM charges are subject to TDS under section 194C at 2% and not under section 194I at 10%, deleting the liability of Rs. 197503, including TDS and interest. The Tribunal found the TDS and interest liability additions unjustified due to the incorrect application of TDS rates, ultimately ruling in favor of the assessee. Case-Laws Income Tax Tue, 06 Dec 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=433324