https://www.taxtmi.com/caselaws?id=55341 Credit of interest in the books, including to an interest payable or suspense account, triggers TDS under section 194A. The Special Court Act and related orders did not extinguish the underlying deduction obligation, but for later years they regulated how tax was to be remitted in respect of notified parties. Penalty under sections 201 and 221 was sustained only in token form for earlier years where the default persisted, and was deleted for later years where Special Court directions required deposit into a separate account rather than remittance to the Revenue. en-us Thu, 08 Sep 2005 00:00:00 +0530 Sun, 06 Feb 2011 03:59:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=55341 Credit of interest in the books, including to an interest payable or suspense account, triggers TDS under section 194A. The Special Court Act and related orders did not extinguish the underlying deduction obligation, but for later years they regulated how tax was to be remitted in respect of notified parties. Penalty under sections 201 and 221 was sustained only in token form for earlier years where the default persisted, and was deleted for later years where Special Court directions required deposit into a separate account rather than remittance to the Revenue. Case-Laws Income Tax Thu, 08 Sep 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=55341