https://www.taxtmi.com/caselaws?id=70063 The Tribunal partly allowed the appeals, setting aside the orders under section 201(1) and remitting the matter to the ITO (TDS) for fresh disposal after verifying if GIC Housing Finance Ltd. had paid the tax on the interest income. The Tribunal upheld the levy of interest under section 201(1A) but directed the ITO (TDS) to recompute the interest based on the actual dates of tax payment by GIC Housing Finance Ltd. en-us Wed, 25 Jul 2001 00:00:00 +0530 Thu, 14 Apr 2011 10:53:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=70063 The Tribunal partly allowed the appeals, setting aside the orders under section 201(1) and remitting the matter to the ITO (TDS) for fresh disposal after verifying if GIC Housing Finance Ltd. had paid the tax on the interest income. The Tribunal upheld the levy of interest under section 201(1A) but directed the ITO (TDS) to recompute the interest based on the actual dates of tax payment by GIC Housing Finance Ltd. Case-Laws Income Tax Wed, 25 Jul 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=70063