https://www.taxtmi.com/caselaws?id=270165 The Tribunal held that proceedings initiated by the Revenue beyond four years from the end of the relevant financial year were barred by limitation under Section 201 of the Income Tax Act. The High Court agreed, stating that a reasonable period for initiating proceedings under Section 201 is four years. Regarding liability to pay interest under Section 201(1A) for not deducting TDS, the High Court ruled that interest cannot be charged beyond the date when the tax was deposited by the Recipient, as it would unduly benefit the Revenue. The Court dismissed the appeal in favor of the assessee without costs. en-us Wed, 02 Dec 2015 00:00:00 +0530 Tue, 07 Jun 2016 16:24:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=270165 The Tribunal held that proceedings initiated by the Revenue beyond four years from the end of the relevant financial year were barred by limitation under Section 201 of the Income Tax Act. The High Court agreed, stating that a reasonable period for initiating proceedings under Section 201 is four years. Regarding liability to pay interest under Section 201(1A) for not deducting TDS, the High Court ruled that interest cannot be charged beyond the date when the tax was deposited by the Recipient, as it would unduly benefit the Revenue. The Court dismissed the appeal in favor of the assessee without costs. Case-Laws Income Tax Wed, 02 Dec 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=270165