https://www.taxtmi.com/caselaws?id=782742 In a joint purchase of immovable property, the obligation to deduct tax at source under section 194IA(1) did not arise where the assessee's individual share in the consideration was below the statutory threshold, even though the total purchase price exceeded that limit. On that factual basis, the assessee could not be treated as an assessee in default under section 201(1) or held liable for interest under section 201(1A) of the Income-tax Act, 1961. The analysis turns on the assessee's share-wise exposure to the threshold, not on the total transaction value alone. en-us Wed, 12 Nov 2025 00:00:00 +0530 Wed, 03 Dec 2025 08:57:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=782742 In a joint purchase of immovable property, the obligation to deduct tax at source under section 194IA(1) did not arise where the assessee's individual share in the consideration was below the statutory threshold, even though the total purchase price exceeded that limit. On that factual basis, the assessee could not be treated as an assessee in default under section 201(1) or held liable for interest under section 201(1A) of the Income-tax Act, 1961. The analysis turns on the assessee's share-wise exposure to the threshold, not on the total transaction value alone. Case-Laws Income Tax Wed, 12 Nov 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=782742