https://www.taxtmi.com/caselaws?id=251407 The High Court upheld the Tribunal's decision in favor of the respondent-assessee, a non-resident company, regarding the recomputation of interest under Section 201(1A) of the Income Tax Act, 1961. The Court ruled that interest cannot be levied beyond the dates when tax was paid, considering advance tax and self-assessment tax. It also supported the levy of interest under Sections 201(1) and 201(1A) for salaries paid to foreign technicians, emphasizing that interest should only be calculated from the period when tax was deductible to the actual payment date. The Court dismissed the Revenue's appeal and clarified the mandatory nature of interest under Section 201(1A). en-us Fri, 05 Sep 2014 00:00:00 +0530 Sat, 13 Sep 2014 11:54:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=251407 The High Court upheld the Tribunal's decision in favor of the respondent-assessee, a non-resident company, regarding the recomputation of interest under Section 201(1A) of the Income Tax Act, 1961. The Court ruled that interest cannot be levied beyond the dates when tax was paid, considering advance tax and self-assessment tax. It also supported the levy of interest under Sections 201(1) and 201(1A) for salaries paid to foreign technicians, emphasizing that interest should only be calculated from the period when tax was deductible to the actual payment date. The Court dismissed the Revenue's appeal and clarified the mandatory nature of interest under Section 201(1A). Case-Laws Income Tax Fri, 05 Sep 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=251407