https://www.taxtmi.com/caselaws?id=66247 The Tribunal upheld the levy of interest under section 201(1A) of the IT Act due to the assessee's failure to deposit TDS timely, rejecting arguments based on certificates and completed payee assessments. The decision emphasized the compensatory nature of the interest levy and the mandatory provisions of the IT Act. The Tribunal directed the AO to charge interest on the TDS amounts from the default date to the payee's assessment date for respective years, allowing the appeal in part with interest to be charged until the payee's assessments. en-us Thu, 12 Oct 2000 00:00:00 +0530 Tue, 22 Feb 2011 18:26:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=66247 The Tribunal upheld the levy of interest under section 201(1A) of the IT Act due to the assessee's failure to deposit TDS timely, rejecting arguments based on certificates and completed payee assessments. The decision emphasized the compensatory nature of the interest levy and the mandatory provisions of the IT Act. The Tribunal directed the AO to charge interest on the TDS amounts from the default date to the payee's assessment date for respective years, allowing the appeal in part with interest to be charged until the payee's assessments. Case-Laws Income Tax Thu, 12 Oct 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=66247