Case Law Analysis
|Income Tax Appellate Tribunal
Section 201(1) IT Act | Compliance With Judicial Interim Orders Exempts TDS Non-Deduction Liability : ITAT Ahmedabad
ITAT Ahmedabad holds that an assessee cannot be treated as 'in default' under Section 201(1) of the Income Tax Act for non-deduction of TDS if compliance with a judicial interim order prevented such deduction. The ruling clarifies that legal constraints override procedural defaults, offering relief to banks and financial institutions facing similar disputes.