KPTCL's Failure to Deduct Tax u/s 192: Bona Fide Belief and Section 10(10AA) Exemption Discussed.

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....Assessee in Default u/s 201(1) - Failure to deduct tax at source (TDS u/s 192) - Exemption u/s 10(10AA) - The revenue’s case is KPTCL is not State Government but a statutory corporation and therefore its employees cannot be regarded as employees of State Government - Assessee cannot be treated as in default for a Bondafide belief.....