https://www.taxtmi.com/caselaws?id=191688 The court upheld the Assessing Officer's orders for a limited company to pay tax deductible at source to GESCO and imposed penalties for non-deduction of tax. Interest under section 201(1A) was charged until the date of actual payment by GESCO. Penalties imposed were canceled by the CIT(A) but reinstated by the Tribunal, pending verification of GESCO's income status. The recovery of tax was found to be barred by limitation for most payments. The assessee's appeal on interest was dismissed, but their appeal for the assessment year 1983-84 was allowed. Revenue's appeals on limitations were dismissed, and penalties were partly reinstated, pending verification. en-us Fri, 08 May 1998 00:00:00 +0530 Thu, 13 Apr 2017 14:13:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=191688 The court upheld the Assessing Officer's orders for a limited company to pay tax deductible at source to GESCO and imposed penalties for non-deduction of tax. Interest under section 201(1A) was charged until the date of actual payment by GESCO. Penalties imposed were canceled by the CIT(A) but reinstated by the Tribunal, pending verification of GESCO's income status. The recovery of tax was found to be barred by limitation for most payments. The assessee's appeal on interest was dismissed, but their appeal for the assessment year 1983-84 was allowed. Revenue's appeals on limitations were dismissed, and penalties were partly reinstated, pending verification. Case-Laws Income Tax Fri, 08 May 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=191688