https://www.taxtmi.com/caselaws?id=756849 The ITAT ruled in favor of the assessee, a UK-incorporated company, by quashing the tax demand raised under section 201 of the Income Tax Act for not deducting tax at source under section 195. The Tribunal determined that the remittance to the assessee's own UK bank account did not constitute a payment to another person, thus not triggering the requirement for tax deduction at source. Consequently, the assessee was not deemed an "assessee in default," and the orders by the tax authorities were annulled. The appeal was allowed, and the Tribunal's decision was pronounced on 8th August 2024. en-us Thu, 08 Aug 2024 00:00:00 +0530 Sat, 10 Aug 2024 09:05:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=756849 The ITAT ruled in favor of the assessee, a UK-incorporated company, by quashing the tax demand raised under section 201 of the Income Tax Act for not deducting tax at source under section 195. The Tribunal determined that the remittance to the assessee's own UK bank account did not constitute a payment to another person, thus not triggering the requirement for tax deduction at source. Consequently, the assessee was not deemed an "assessee in default," and the orders by the tax authorities were annulled. The appeal was allowed, and the Tribunal's decision was pronounced on 8th August 2024. Case-Laws Income Tax Thu, 08 Aug 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=756849