Bank Held Liable for Not Deducting Tax on Interest from Liquidator's Fixed Deposits; Interest Levied u/s 201.

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....Levy of interest on the default u/s 201 - failure to deduct TDS in respect of a company in liquidation - the appellant Bank was definitely an assessee in default in not having deducted tax at source on the interest generated on the fixed deposits made by the Official Liquidator.....