https://www.taxtmi.com/caselaws?id=60584 The Tribunal ruled in favor of the appellant, holding that the liability to deduct tax arises when interest is credited to the creditor's account, as per section 194A. The Tribunal emphasized that rule 30 and section 200 pertain to the time limit for depositing tax deducted, not the point when the liability arises. As the interest was paid within the prescribed time under rule 30, the Tribunal reversed the Commissioner (Appeals) order, allowing the appeal. en-us Thu, 09 Dec 1982 00:00:00 +0530 Fri, 07 Jan 2011 10:51:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=60584 The Tribunal ruled in favor of the appellant, holding that the liability to deduct tax arises when interest is credited to the creditor's account, as per section 194A. The Tribunal emphasized that rule 30 and section 200 pertain to the time limit for depositing tax deducted, not the point when the liability arises. As the interest was paid within the prescribed time under rule 30, the Tribunal reversed the Commissioner (Appeals) order, allowing the appeal. Case-Laws Income Tax Thu, 09 Dec 1982 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=60584