https://www.taxtmi.com/caselaws?id=63762 The Tribunal allowed the appeal, ruling that interest under Section 201(1A) was not chargeable as the payees had no tax liability during assessment. The decision favored the assessee based on the principle of adopting the view favorable to them when two reasonable views exist. Other arguments were not extensively addressed due to this outcome. en-us Thu, 23 Feb 1995 00:00:00 +0530 Tue, 01 Feb 2011 16:53:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=63762 The Tribunal allowed the appeal, ruling that interest under Section 201(1A) was not chargeable as the payees had no tax liability during assessment. The decision favored the assessee based on the principle of adopting the view favorable to them when two reasonable views exist. Other arguments were not extensively addressed due to this outcome. Case-Laws Income Tax Thu, 23 Feb 1995 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=63762