An order was passed u\/s 201 for the assessment year 2014 -15 against the assessee\u00a0 following the order of the Dispute Resolution panel for the assessment year 2010 -11. The assessee filed writ before the High Court \u00a0and contended that earlier order was set aside \u00a0and reversed \u00a0by the Appellate Tribunal in \u00a0Gemological Institute of America Inc v .Add .CIT (IT ) (2021) \u00a0189 ITD 254\/ 88 ITR 505 ( Mum)( Trib) . The Tribunal held that the amount paid to GIA was not taxable . Allowing the petition the court held that the order of the Tribunal is binding on the Assessing Officer unless stayed by a competent Court . Accordingly the order was quashed . \u00a0Followed\u00a0 UOI v. Kamlakashi Finance Corporation Ltd\u00a0 ( 1992) Supp. (1) SCC 443 (AY. 2014 -15 )<\/p>\n","protected":false},"excerpt":{"rendered":"
S. 201 : Deduction at source – Failure to deduct or pay \u2013 Earlier order was set aside by the Tribunal -Department appeal is pending for hearing \u2013 Order of Tribunal not stayed \u2013 Order holding that the assessee in default for latter year following the order of earlier year was quashed \u2013 Order of Tribunal is binding on the Assessing Officer \u2013 Order treating the assessee in default was quashed . [S. 260A, Art , 226 ] <\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[],"class_list":["post-31950","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-8jk","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/31950","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/comments?post=31950"}],"version-history":[{"count":2,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/31950\/revisions"}],"predecessor-version":[{"id":32876,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/31950\/revisions\/32876"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=31950"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=31950"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=31950"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}