https://www.taxtmi.com/caselaws?id=363279 Where tax deducted at source was remitted late, the Tribunal held that an order levying interest under section 201(1A) for assessment years 2003-04 and 2004-05 was not barred by limitation. It noted that, for the relevant period, the Income-tax Act did not prescribe a statutory time limit for passing such an order, and declined to treat the later introduction of section 201(3) as retrospective. Applying the binding jurisdictional High Court view, it held that delay alone could not invalidate the interest order and sustained the levy against the assessee. en-us Fri, 06 Jul 2018 00:00:00 +0530 Tue, 10 Jul 2018 09:43:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=363279 Where tax deducted at source was remitted late, the Tribunal held that an order levying interest under section 201(1A) for assessment years 2003-04 and 2004-05 was not barred by limitation. It noted that, for the relevant period, the Income-tax Act did not prescribe a statutory time limit for passing such an order, and declined to treat the later introduction of section 201(3) as retrospective. Applying the binding jurisdictional High Court view, it held that delay alone could not invalidate the interest order and sustained the levy against the assessee. Case-Laws Income Tax Fri, 06 Jul 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=363279