https://www.taxtmi.com/caselaws?id=327173 The Tribunal concluded that interest on failure to deduct TDS under Section 192(1) is payable from the first day of April of the subsequent year. The A.O. was directed to compute the interest from the first day of April to the date of payment of taxes by the deductee-assessee in cases where the deductees have paid the taxes. In the case of other deductees, the interest liability shall be computed from the first day of April to the date of the order under Section 201(1) of the Act. The appeals by the revenue were dismissed, and the cross-objections by the assessee were partly allowed. en-us Thu, 31 Mar 2016 00:00:00 +0530 Sun, 01 May 2016 23:37:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=327173 The Tribunal concluded that interest on failure to deduct TDS under Section 192(1) is payable from the first day of April of the subsequent year. The A.O. was directed to compute the interest from the first day of April to the date of payment of taxes by the deductee-assessee in cases where the deductees have paid the taxes. In the case of other deductees, the interest liability shall be computed from the first day of April to the date of the order under Section 201(1) of the Act. The appeals by the revenue were dismissed, and the cross-objections by the assessee were partly allowed. Case-Laws Income Tax Thu, 31 Mar 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=327173