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2002 (2) TMI 42 - HC - Income TaxDeduction Of Tax At Source - The orders impugned have been passed against the petitioner in the background that there were certain deposits with the petitioner and he was required to deduct income-tax on the payment of interest on such deposits. Section 201(1) provides that as and when such tax is paid on deposits, tax is required to be deducted at source. Such deduction is waived where the recipient of interest, even after receiving the interest does not become a person, who is liable to pay tax and furnishes a Form No. 15H. - no illegality is seen in the action of the respondent officers of the Income-tax Department. - Once, it is held that the petitioner has been rightly assessed to be an assessee in default, then the liability of tax stands incurred by the petitioner.
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