https://www.taxtmi.com/caselaws?id=352265 The Tribunal upheld the levy of interest under section 201(1A) against the assessee for failure to deduct TDS on interest payments to specific entities during F.Y. 2008-2009. The Tribunal emphasized the mandatory nature of TDS provisions and the compensatory purpose of interest charges for delayed tax deposits, dismissing the assessee's appeal and affirming the interest levy as valid and in accordance with the I.T. Act, 1961. en-us Fri, 08 Dec 2017 00:00:00 +0530 Tue, 06 Feb 2018 10:41:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=352265 The Tribunal upheld the levy of interest under section 201(1A) against the assessee for failure to deduct TDS on interest payments to specific entities during F.Y. 2008-2009. The Tribunal emphasized the mandatory nature of TDS provisions and the compensatory purpose of interest charges for delayed tax deposits, dismissing the assessee's appeal and affirming the interest levy as valid and in accordance with the I.T. Act, 1961. Case-Laws Income Tax Fri, 08 Dec 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=352265