Kingfisher Airlines 'a king of not so good times': HC held it as an assessee-in-default for failure to remit TDS

September 4, 2014[2014] 49 taxmann.com 49 (Karnataka)

IT : Where assessee-company having deducted tax at source from salaries paid to it employees, did not remit same to Central Government account, Assessing Authority was justified in holding assessee to be "assessee-in-default" and directing it to pay amount so deducted with interest

IT : In terms of section 201, it is Assessing Authority who is competent person to pass order holding assessee as 'assessee-in-default' on account of non-deduction of tax at source or non-payment of tax so deducted to account of Central Government