https://www.taxtmi.com/caselaws?id=151764 The appeal filed by the assessee was dismissed, upholding the order of the Commissioner of Income-tax (Appeals) with modifications to the interest chargeable under section 201(1A). The Assessing Officer was directed to adjust the interest based on the date of tax deductibility and payment by recipients or completion of assessments. The court found that the drawing and disbursing officer's failure to verify donation receipts and the lack of evidence of completed assessments by employees justified the additional demands under section 201. The officer's claim of good faith was rejected due to apparent lack of diligence in questioning the genuineness of substantial donations. en-us Thu, 23 Aug 2007 00:00:00 +0530 Sat, 15 Jun 2013 16:38:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=151764 The appeal filed by the assessee was dismissed, upholding the order of the Commissioner of Income-tax (Appeals) with modifications to the interest chargeable under section 201(1A). The Assessing Officer was directed to adjust the interest based on the date of tax deductibility and payment by recipients or completion of assessments. The court found that the drawing and disbursing officer's failure to verify donation receipts and the lack of evidence of completed assessments by employees justified the additional demands under section 201. The officer's claim of good faith was rejected due to apparent lack of diligence in questioning the genuineness of substantial donations. Case-Laws Income Tax Thu, 23 Aug 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=151764