https://www.taxtmi.com/caselaws?id=65561 The Tribunal affirmed the treatment of discounting charges as interest under section 2(28A) of the IT Act, subjecting them to TDS under section 194A. Additionally, the Tribunal upheld the charging of interest under section 201(1A) from the date of deductibility of tax until payment by the deductee, rejecting the Revenue's argument for interest calculation until the actual tax payment date. Both the assessee and Revenue appeals were dismissed, confirming the tax treatment decisions. en-us Wed, 31 Jan 2007 00:00:00 +0530 Thu, 12 Jul 2012 13:07:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=65561 The Tribunal affirmed the treatment of discounting charges as interest under section 2(28A) of the IT Act, subjecting them to TDS under section 194A. Additionally, the Tribunal upheld the charging of interest under section 201(1A) from the date of deductibility of tax until payment by the deductee, rejecting the Revenue's argument for interest calculation until the actual tax payment date. Both the assessee and Revenue appeals were dismissed, confirming the tax treatment decisions. Case-Laws Income Tax Wed, 31 Jan 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=65561