https://www.taxtmi.com/caselaws?id=11959 The court dismissed the appeal, emphasizing the mandatory and continuous nature of interest payment on tax deducted at source under Section 201(1A) of the Income-tax Act, 1961. It clarified that interest is payable at 15% per annum from the date the tax was deductible until actual payment, without requiring a reasonable cause for non-payment. The judgment underscored that interest can be charged regardless of whether the tax amount due is deducted by the defaulting party. Compliance with tax deduction obligations and interest liabilities as prescribed by law is crucial. en-us Thu, 16 Jan 2003 00:00:00 +0530 Sat, 13 Feb 2010 12:23:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=11959 The court dismissed the appeal, emphasizing the mandatory and continuous nature of interest payment on tax deducted at source under Section 201(1A) of the Income-tax Act, 1961. It clarified that interest is payable at 15% per annum from the date the tax was deductible until actual payment, without requiring a reasonable cause for non-payment. The judgment underscored that interest can be charged regardless of whether the tax amount due is deducted by the defaulting party. Compliance with tax deduction obligations and interest liabilities as prescribed by law is crucial. Case-Laws Income Tax Thu, 16 Jan 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=11959