https://www.taxtmi.com/caselaws?id=17202 A payer treated as an "assessee in default" under s. 201 for failure to deduct TDS on interest payments is an "assessee" within s. 2(7), and its entitlement to statutory interest on amounts refundable/withheld must be determined under s. 244(1A) for the period referable to AY 1988-89 and under s. 244A for the period thereafter, as indicated by s. 244(3) and s. 244A(4). Since the tax authority failed to discharge its statutory obligation to pay interest despite demand, the HC held a writ of mandamus lay and directed disposal of the interest claim and release of interest (net of any interest already paid) within four weeks, failing which further interest at 15% p.a. would accrue. en-us Thu, 31 Jul 1997 00:00:00 +0530 Mon, 29 Dec 2025 18:03:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=17202 A payer treated as an "assessee in default" under s. 201 for failure to deduct TDS on interest payments is an "assessee" within s. 2(7), and its entitlement to statutory interest on amounts refundable/withheld must be determined under s. 244(1A) for the period referable to AY 1988-89 and under s. 244A for the period thereafter, as indicated by s. 244(3) and s. 244A(4). Since the tax authority failed to discharge its statutory obligation to pay interest despite demand, the HC held a writ of mandamus lay and directed disposal of the interest claim and release of interest (net of any interest already paid) within four weeks, failing which further interest at 15% p.a. would accrue. Case-Laws Income Tax Thu, 31 Jul 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=17202