https://www.taxtmi.com/caselaws?id=765101 ITAT, Mumbai (AT) held that the appellant is not an assessee-in-default under ss.193/194A or liable under s.201(1)/201(1A). The tribunal found TDS obligations had already been triggered and complied with when interest accrued to the original lender, and could not be re-triggered on the appellant's subsequent payments. The appellant did not stand in the position of the payer responsible for deducting TDS, and payments made in excess of principal-absent any new debt-were not taxable as interest. The demand under s.201(1)/201(1A) was deleted and the appeal allowed. en-us Mon, 25 Nov 2024 00:00:00 +0530 Sat, 23 Aug 2025 13:30:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=765101 ITAT, Mumbai (AT) held that the appellant is not an assessee-in-default under ss.193/194A or liable under s.201(1)/201(1A). The tribunal found TDS obligations had already been triggered and complied with when interest accrued to the original lender, and could not be re-triggered on the appellant's subsequent payments. The appellant did not stand in the position of the payer responsible for deducting TDS, and payments made in excess of principal-absent any new debt-were not taxable as interest. The demand under s.201(1)/201(1A) was deleted and the appeal allowed. Case-Laws Income Tax Mon, 25 Nov 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=765101