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Income Tax - Highlights / Catch Notes

Home Highlights August 2019 Year 2019 This

Levy of interest on the default u/s 201 - failure to deduct TDS ...

Income Tax

August 19, 2019

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.

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