Delhi H.C : The assessee could not be treated to be in default under s. 201 of the IT Act as he was under a bona fide belief that the payments made to TFCI were exempt from deduction of tax at source under s. 194A(3)(iii)(b) of the said Act. If so, what is the effect of non-deduction of the tax in the facts and circumstances of the present case
High Court Of Delhi CIT vs. Majestic Hotel Ltd. Sections 194A, 201(1), 201(1A) Asst. Years 1995-96, 1996-97, 1997-98, 1998-99, 1999-2000, […]