https://www.taxtmi.com/caselaws?id=390839 The Tribunal allowed the Assessee's appeals, canceling the interest levied under section 201(1A) of the Income Tax Act. It held that the date of online payment should be considered as the payment date, aligning with the ITAT Chennai Bench's ruling on cheque payments. The Tribunal emphasized the importance of the payment method in determining the tax payment date, citing the legal framework of the Negotiable Instruments Act. en-us Fri, 13 Dec 2019 00:00:00 +0530 Sat, 11 Jan 2020 19:06:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=390839 The Tribunal allowed the Assessee's appeals, canceling the interest levied under section 201(1A) of the Income Tax Act. It held that the date of online payment should be considered as the payment date, aligning with the ITAT Chennai Bench's ruling on cheque payments. The Tribunal emphasized the importance of the payment method in determining the tax payment date, citing the legal framework of the Negotiable Instruments Act. Case-Laws Income Tax Fri, 13 Dec 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=390839