https://www.taxtmi.com/caselaws?id=71839 The Tribunal upheld the Assessing Officer's decision to levy interest under Section 201(1A) for the short-deduction of tax at source on car operating expenses, leave travel allowance, and business attire reimbursement. The Tribunal found that the interest levy was compensatory and mandatory, reversing the Commissioner of Income Tax (Appeals)'s order canceling the interest. The Tribunal emphasized the compensatory nature of interest for withholding tax that should have been paid to the exchequer, citing relevant judicial precedents. en-us Fri, 13 Jul 2001 00:00:00 +0530 Wed, 27 Apr 2011 13:35:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=71839 The Tribunal upheld the Assessing Officer's decision to levy interest under Section 201(1A) for the short-deduction of tax at source on car operating expenses, leave travel allowance, and business attire reimbursement. The Tribunal found that the interest levy was compensatory and mandatory, reversing the Commissioner of Income Tax (Appeals)'s order canceling the interest. The Tribunal emphasized the compensatory nature of interest for withholding tax that should have been paid to the exchequer, citing relevant judicial precedents. Case-Laws Income Tax Fri, 13 Jul 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=71839