https://www.taxtmi.com/caselaws?id=249481 The appellate tribunal partially allowed the appeal in a case concerning the levy of interest under sections 201 and 201(1) of the Income Tax Act, 1961 for the assessment year 2011-12. The tribunal ruled in favor of the appellant, emphasizing that if taxes were already deducted and deposited, due credit should be given. It held that if recipients had paid taxes on income received, the appellant cannot be held liable for TDS again. The tribunal remitted the matter back to the Assessing Officer for fresh consideration, directing cooperation from the appellant in providing necessary details. en-us Fri, 04 Jul 2014 00:00:00 +0530 Tue, 15 Jul 2014 07:51:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=249481 The appellate tribunal partially allowed the appeal in a case concerning the levy of interest under sections 201 and 201(1) of the Income Tax Act, 1961 for the assessment year 2011-12. The tribunal ruled in favor of the appellant, emphasizing that if taxes were already deducted and deposited, due credit should be given. It held that if recipients had paid taxes on income received, the appellant cannot be held liable for TDS again. The tribunal remitted the matter back to the Assessing Officer for fresh consideration, directing cooperation from the appellant in providing necessary details. Case-Laws Income Tax Fri, 04 Jul 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=249481