https://www.taxtmi.com/caselaws?id=210915 The court upheld the imposition of interest under Section 201(1A) on the appellant for delayed payments, citing the retrospective amendment extending liability to all under Section 194(A). However, the decision to levy interest from the date of default till the order was set aside. Authorities were directed to verify the creditor's tax payment status to accurately determine the appellant's liability. The appeal was partly allowed, and the matter remitted to the Assessing Authority for further examination. en-us Mon, 12 Sep 2011 00:00:00 +0530 Wed, 16 May 2012 19:10:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=210915 The court upheld the imposition of interest under Section 201(1A) on the appellant for delayed payments, citing the retrospective amendment extending liability to all under Section 194(A). However, the decision to levy interest from the date of default till the order was set aside. Authorities were directed to verify the creditor's tax payment status to accurately determine the appellant's liability. The appeal was partly allowed, and the matter remitted to the Assessing Authority for further examination. Case-Laws Income Tax Mon, 12 Sep 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=210915