https://www.taxtmi.com/caselaws?id=201585 The court held that the interest charges under Section 201 (1A) of the Income Tax Act were not applicable to the respondent assessee for not deducting tax at source on salary payments as required by Section 192. The court emphasized the obligation to deduct tax at the time of payment of salary and allowed adjustments to be made until the end of the financial year for any failures to deduct tax. It rejected the argument that Section 201 (1A) would be redundant, clarifying its applicability when tax deductible has not been deducted during the financial year. The appeal was dismissed in favor of the assessee. en-us Thu, 19 Aug 2010 00:00:00 +0530 Thu, 15 Mar 2012 17:02:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=201585 The court held that the interest charges under Section 201 (1A) of the Income Tax Act were not applicable to the respondent assessee for not deducting tax at source on salary payments as required by Section 192. The court emphasized the obligation to deduct tax at the time of payment of salary and allowed adjustments to be made until the end of the financial year for any failures to deduct tax. It rejected the argument that Section 201 (1A) would be redundant, clarifying its applicability when tax deductible has not been deducted during the financial year. The appeal was dismissed in favor of the assessee. Case-Laws Income Tax Thu, 19 Aug 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=201585