https://www.taxtmi.com/caselaws?id=794003 Binding interim High Court directions exempting TDS on leave fare concession payments prevented the assessee from being treated as an assessee in default under section 201(1) of the Income-tax Act. Although the section 10(5) exemption issue had already been decided against the assessee, the Tribunal held that the duty to deduct tax under section 192 could not override judicial orders in force during the relevant period, so non-deduction in obedience to those orders did not amount to default. As no legal obligation to deduct existed for that period, interest under section 201(1A) was also not sustainable. en-us Tue, 23 Jun 2026 00:00:00 +0530 Sat, 27 Jun 2026 08:33:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=794003 Binding interim High Court directions exempting TDS on leave fare concession payments prevented the assessee from being treated as an assessee in default under section 201(1) of the Income-tax Act. Although the section 10(5) exemption issue had already been decided against the assessee, the Tribunal held that the duty to deduct tax under section 192 could not override judicial orders in force during the relevant period, so non-deduction in obedience to those orders did not amount to default. As no legal obligation to deduct existed for that period, interest under section 201(1A) was also not sustainable. Case-Laws Income Tax Tue, 23 Jun 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=794003