https://www.taxtmi.com/caselaws?id=262598 The court ruled in favor of the respondent assessee, holding that interest under Section 201(1A) of the Income Tax Act should be calculated only up to the date of assessment of the payee companies, not the actual date of TDS payment by the assessee company. The court emphasized that once it is established that the payee companies are not liable to pay tax, the interest liability on the assessee company ceases. The orders of the CIT (Appeals) and the Tribunal were upheld, and the appellant revenue's appeal was dismissed. en-us Mon, 03 Aug 2015 00:00:00 +0530 Fri, 14 Aug 2015 01:08:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=262598 The court ruled in favor of the respondent assessee, holding that interest under Section 201(1A) of the Income Tax Act should be calculated only up to the date of assessment of the payee companies, not the actual date of TDS payment by the assessee company. The court emphasized that once it is established that the payee companies are not liable to pay tax, the interest liability on the assessee company ceases. The orders of the CIT (Appeals) and the Tribunal were upheld, and the appellant revenue's appeal was dismissed. Case-Laws Income Tax Mon, 03 Aug 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=262598