https://www.taxtmi.com/caselaws?id=58220 The appeals by the assessee, a company, were consolidated and disposed of concerning the applicability of sections 201(1) and 192(1) of the IT Act, 1961 for the assessment years 1985-86 to 1987-88. The Tribunal held that the employer must deduct tax on estimated employee income, emphasizing honesty and fairness. As the assessee acted honestly, made correct estimates, filed returns, and paid tax on time, the AO had no jurisdiction to demand further tax for alleged short deductions. Therefore, the appeals of the assessee were allowed. en-us Tue, 14 Mar 1995 00:00:00 +0530 Mon, 03 Apr 2017 17:11:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=58220 The appeals by the assessee, a company, were consolidated and disposed of concerning the applicability of sections 201(1) and 192(1) of the IT Act, 1961 for the assessment years 1985-86 to 1987-88. The Tribunal held that the employer must deduct tax on estimated employee income, emphasizing honesty and fairness. As the assessee acted honestly, made correct estimates, filed returns, and paid tax on time, the AO had no jurisdiction to demand further tax for alleged short deductions. Therefore, the appeals of the assessee were allowed. Case-Laws Income Tax Tue, 14 Mar 1995 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=58220