https://www.taxtmi.com/caselaws?id=33839 HC held that where the payer had the statutory duty to deduct tax at source but failed to do so, the assessee-payee cannot be saddled with interest under section 234B for non-payment of advance tax on the interest income. Although the assessee did not pay advance tax, the court found that interest cannot be imposed on the payee when the obligation to withhold and remit tax rested on the payer who defaulted. en-us Wed, 14 Jan 2009 00:00:00 +0530 Fri, 05 Sep 2025 15:21:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=33839 HC held that where the payer had the statutory duty to deduct tax at source but failed to do so, the assessee-payee cannot be saddled with interest under section 234B for non-payment of advance tax on the interest income. Although the assessee did not pay advance tax, the court found that interest cannot be imposed on the payee when the obligation to withhold and remit tax rested on the payer who defaulted. Case-Laws Income Tax Wed, 14 Jan 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=33839