https://www.taxtmi.com/caselaws?id=69120 Interest under section 201(1A) was treated as a compensatory consequence, distinct from penalty, and became mandatory once default in deducting or remitting tax at source was established; any good or sufficient reason for the default did not remove that liability. The tribunal also held that natural justice applies to the limited extent that the assessee must be given an opportunity to show that the ingredients of default are absent before interest is levied. On the facts, that opportunity had been afforded, so the levy of interest remained valid. en-us Mon, 06 Sep 1982 00:00:00 +0530 Tue, 05 Apr 2011 12:46:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=69120 Interest under section 201(1A) was treated as a compensatory consequence, distinct from penalty, and became mandatory once default in deducting or remitting tax at source was established; any good or sufficient reason for the default did not remove that liability. The tribunal also held that natural justice applies to the limited extent that the assessee must be given an opportunity to show that the ingredients of default are absent before interest is levied. On the facts, that opportunity had been afforded, so the levy of interest remained valid. Case-Laws Income Tax Mon, 06 Sep 1982 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=69120