Interest on late TDS payment stops if payee companies are assessed and found not liable for tax u/s 201(1A).

Interest on late TDS payment stops if payee companies are assessed and found not liable for tax u/s 201(1A). https://www.taxtmi.com/highlights?id=24230 Interest payment under Section 201(1A) - when the assessment qua the payee companies was completed and it was held that both the companies were not liable to pay any tax, the liability to pay interest upon the late payment of TDS by assessee would stop running - HC en-us Fri, 14 Aug 2015 01:07:50 +0530 Fri, 14 Aug 2015 01:07:50 +0530 TaxTMI RSS Generator Interest on late TDS payment stops if payee companies are assessed and found not liable for tax u/s 201(1A). https://www.taxtmi.com/highlights?id=24230 Interest payment under Section 201(1A) - when the assessment qua the payee companies was completed and it was held that both the companies were not liable to pay any tax, the liability to pay interest upon the late payment of TDS by assessee would stop running - HC Highlights Income Tax Fri, 14 Aug 2015 01:07:50 +0530 https://www.taxtmi.com/highlights?id=24230