Supreme Court · 2007 INSC 824 · Decided 10 August 2007
COMMNR. of Income Tax, Bangalore and ANR. v. M/S. Century Building Industries PVT. LTD.
- Court
- Supreme Court of India
- Citation
- 2007 INSC 824 · [2007] 8 S.C.R. 959
- Case number
- CIVIL APPEAL No. 6820/2005
- Decided
- 10 August 2007
- Bench
- S.H. KAPADIA, B. SUDERSHAN REDDY (2-judge bench)
- Outcome
- Appeal(s) allowed
- Case type
- Civil
- Acts & sections cited
- Companies Act; Income Tax Act Section 194
Headnote
B _.,, . -t Income Tax Act, 1961: ss. 194-A, 201 and 20l(JA)-Tax deductible at source-On interest- c Liability to deduct-Directors of assessee-Company taking loans from creditors in the name of Company-Repayment of loan amount or interest thereon also routed through assessee-company-TDS as by assessee-company on interest payments-Company declared as assessee-in-default and interest imposed u/s 201(1A)-Held: Whenever interest is credited to the account of payee the payer has to deduct D the TDS-Revenue was right in invoking provisions of ss. 201 and 20l(JA) i against the
Judgments are the courts' own published copies, provided for study; they are not certified copies. Source: Indian Supreme Court & High Court Judgments, Dattam Labs (CC-BY-4.0)