https://www.taxtmi.com/caselaws?id=63506 The Tribunal upheld the levy of interest under section 201(1A) in a case where a non-resident company failed to deduct tax at source for payments made to foreign technicians working in India. Despite the deletion of the tax demand, the Tribunal clarified that interest under section 201(1A) was independent and compensatory for delayed tax payment. The Tribunal directed the re-computation of interest based on the actual payment dates by the employees, excluding the period covered by advance tax payments. The appeals were partly allowed, confirming the principle of interest levy but modifying the computation methodology. en-us Wed, 21 Nov 2001 00:00:00 +0530 Mon, 31 Jan 2011 13:31:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=63506 The Tribunal upheld the levy of interest under section 201(1A) in a case where a non-resident company failed to deduct tax at source for payments made to foreign technicians working in India. Despite the deletion of the tax demand, the Tribunal clarified that interest under section 201(1A) was independent and compensatory for delayed tax payment. The Tribunal directed the re-computation of interest based on the actual payment dates by the employees, excluding the period covered by advance tax payments. The appeals were partly allowed, confirming the principle of interest levy but modifying the computation methodology. Case-Laws Income Tax Wed, 21 Nov 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=63506