https://www.taxtmi.com/caselaws?id=208993 The Tribunal ruled in favor of the assessee, setting aside the interest levy under section 201(1A) of the Income Tax Act. It held that the assessee was not responsible for the delayed crediting of the TDS amount to the Central Government, attributing the delay to the bank. The Tribunal determined that the TDS was deposited on time by the assessee, and the payment should be considered made when the pay order was handed over to the bank. Consequently, the appeal was allowed, absolving the assessee of any liability for interest due to the bank's delay in crediting the amount. en-us Wed, 23 Mar 2011 00:00:00 +0530 Tue, 07 Feb 2012 19:18:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=208993 The Tribunal ruled in favor of the assessee, setting aside the interest levy under section 201(1A) of the Income Tax Act. It held that the assessee was not responsible for the delayed crediting of the TDS amount to the Central Government, attributing the delay to the bank. The Tribunal determined that the TDS was deposited on time by the assessee, and the payment should be considered made when the pay order was handed over to the bank. Consequently, the appeal was allowed, absolving the assessee of any liability for interest due to the bank's delay in crediting the amount. Case-Laws Income Tax Wed, 23 Mar 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=208993