https://www.taxtmi.com/caselaws?id=14187 The High Court of Madras upheld the penalty imposed on a registered firm under section 201(1A) for failing to deduct tax at source on interest payments to sister concerns. Despite the recipients' tax situations, the court emphasized the firm's obligation to deduct tax at source promptly. The court ruled in favor of the Revenue, emphasizing the importance of complying with tax deduction requirements and ensuring timely remittance to the Government. The firm was directed to pay costs to the Revenue. en-us Tue, 15 Dec 1998 00:00:00 +0530 Tue, 14 Jul 2009 12:56:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=14187 The High Court of Madras upheld the penalty imposed on a registered firm under section 201(1A) for failing to deduct tax at source on interest payments to sister concerns. Despite the recipients' tax situations, the court emphasized the firm's obligation to deduct tax at source promptly. The court ruled in favor of the Revenue, emphasizing the importance of complying with tax deduction requirements and ensuring timely remittance to the Government. The firm was directed to pay costs to the Revenue. Case-Laws Income Tax Tue, 15 Dec 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=14187