https://www.taxtmi.com/caselaws?id=443123 The Tribunal allowed the appeal partly, setting aside the order and remanding the matter to the AO for a fresh decision under sections 201(1)/(1A). The Tribunal clarified that the assessee should not be treated as in default under section 201(1) if recipients included interest in their total income. The delay in filing the appeal was condoned due to a reasonable cause, following a similar precedent. The Tribunal emphasized that the obligation to deduct tax at source remains even if Form Nos. 15G/15H are submitted, unless the recipient pays tax directly. en-us Mon, 28 Aug 2023 00:00:00 +0530 Sat, 16 Sep 2023 21:29:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=443123 The Tribunal allowed the appeal partly, setting aside the order and remanding the matter to the AO for a fresh decision under sections 201(1)/(1A). The Tribunal clarified that the assessee should not be treated as in default under section 201(1) if recipients included interest in their total income. The delay in filing the appeal was condoned due to a reasonable cause, following a similar precedent. The Tribunal emphasized that the obligation to deduct tax at source remains even if Form Nos. 15G/15H are submitted, unless the recipient pays tax directly. Case-Laws Income Tax Mon, 28 Aug 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=443123