https://www.taxtmi.com/caselaws?id=71880 The court upheld the Assessing Officer's decision to charge interest under s. 201(1A) for late TDS payment for financial years 1994-95 and 1995-96. The court found the interest charges mandatory as TDS was deducted but paid late. The CIT(A)'s order deleting penalties was reversed, and the AO was directed to recalculate interest from two months after the financial year end. The Revenue's appeals were partially allowed, resulting in the restoration of interest charges but with a revised calculation method. en-us Tue, 08 Jan 2002 00:00:00 +0530 Wed, 27 Apr 2011 16:25:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=71880 The court upheld the Assessing Officer's decision to charge interest under s. 201(1A) for late TDS payment for financial years 1994-95 and 1995-96. The court found the interest charges mandatory as TDS was deducted but paid late. The CIT(A)'s order deleting penalties was reversed, and the AO was directed to recalculate interest from two months after the financial year end. The Revenue's appeals were partially allowed, resulting in the restoration of interest charges but with a revised calculation method. Case-Laws Income Tax Tue, 08 Jan 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=71880