https://www.taxtmi.com/caselaws?id=329257 The Court dismissed the Tax Appeals, upholding the Tribunal's decision to cancel the interest charged under section 201(1A). The judgment emphasized the importance of timely tax payments and ruled that if the tax was paid on time and in excess of the amount due, it would not be appropriate for the Revenue to levy interest under section 201(1A). The Court concluded that no question of law arose, highlighting the significance of meeting tax liabilities before imposing interest charges. en-us Tue, 21 Jun 2016 00:00:00 +0530 Mon, 27 Jun 2016 07:20:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=329257 The Court dismissed the Tax Appeals, upholding the Tribunal's decision to cancel the interest charged under section 201(1A). The judgment emphasized the importance of timely tax payments and ruled that if the tax was paid on time and in excess of the amount due, it would not be appropriate for the Revenue to levy interest under section 201(1A). The Court concluded that no question of law arose, highlighting the significance of meeting tax liabilities before imposing interest charges. Case-Laws Income Tax Tue, 21 Jun 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=329257