Amendment of section 201.

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..... mely: " Provided that any person, including the principal officer of a company, who fails to deduct the whole or any part of the tax in accordance with the provisions of this Chapter on the sum paid to a resident or on the sum credited to the account of a resident shall not be deemed to be an assessee in default in respect of such tax if such resident ( i ) has furnis .....

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..... paid to a resident or on the sum credited to the account of a resident but is not deemed to be an assessee in default under the first proviso of sub-section (1), the interest under clause ( i ) shall be payable from the date on which such tax was deductible to the date of furnishing of return of income by such resident."; ( B ) in sub-section (3), in clause ( ii ), for the words .....

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