https://www.taxtmi.com/caselaws?id=204991 The Tribunal upheld the CIT(A)'s decision, ruling that the payment in question was compensatory for delayed payments and not considered "interest" under section 2(28A) of the Income-tax Act. Therefore, no Tax Deducted at Source (TDS) was required, and the assessee was not in default under section 194A. Both the revenue's appeal and the assessee's cross objection were dismissed, confirming the deletion of the addition made on account of interest payment. en-us Thu, 30 Jun 2011 00:00:00 +0530 Fri, 23 Sep 2011 08:28:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=204991 The Tribunal upheld the CIT(A)'s decision, ruling that the payment in question was compensatory for delayed payments and not considered "interest" under section 2(28A) of the Income-tax Act. Therefore, no Tax Deducted at Source (TDS) was required, and the assessee was not in default under section 194A. Both the revenue's appeal and the assessee's cross objection were dismissed, confirming the deletion of the addition made on account of interest payment. Case-Laws Income Tax Thu, 30 Jun 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=204991