Assessee in default u/s 201(1) for failure to deduct TDS u/s 194C - Scope of second proviso of Section...

Assessee in default u/s 201(1) for failure to deduct TDS u/s 194C - Scope of second proviso of Section 201(1) inserted vide the Finance Act, 2012 w.e.f 01.04.2013 - as per judicial pronouncements it will be applicable retrospectively and if assessee satisfies the conditions envisaged in sub-section (1) of Sec.201, then it cannot be held to be an assessee in default - no disallowance u/s 40(a)(ia) .....

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