https://www.taxtmi.com/caselaws?id=204156 The Tribunal upheld the CIT(A)'s decision to cancel the AO's order, stating no tax liability existed for the assessee regarding interest accrued on loans from Haryana State Agriculture Marketing Board. While acknowledging that no demand under Section 201(1) should be enforced if the deductee paid the tax, the Tribunal emphasized the liability for interest under Section 201(1A) and penalty under Section 271C remains. The matter was remanded to the AO to verify the deductee's tax discharge and exemption status, in line with the Supreme Court decision, allowing for further examination based on provided instructions. en-us Thu, 29 Apr 2010 00:00:00 +0530 Thu, 30 May 2013 16:35:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=204156 The Tribunal upheld the CIT(A)'s decision to cancel the AO's order, stating no tax liability existed for the assessee regarding interest accrued on loans from Haryana State Agriculture Marketing Board. While acknowledging that no demand under Section 201(1) should be enforced if the deductee paid the tax, the Tribunal emphasized the liability for interest under Section 201(1A) and penalty under Section 271C remains. The matter was remanded to the AO to verify the deductee's tax discharge and exemption status, in line with the Supreme Court decision, allowing for further examination based on provided instructions. Case-Laws Income Tax Thu, 29 Apr 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=204156