https://www.taxtmi.com/caselaws?id=397562 The ITAT allowed the appeal, directing the Assessing Officer to delete the interest levied under section 201(1A) of the Act. The Bombay High Court's decision to quash the withdrawal of the exemption certificate resulted in the revival of the NIL rate certificate, eliminating any delay in TDS deduction. The ITAT considered the issuance of a fresh certificate for the relevant period, leading to the conclusion that no interest was payable for the delay in tax deduction. The order was pronounced in July 2020, taking into account delays caused by the COVID-19 pandemic. en-us Mon, 20 Jul 2020 00:00:00 +0530 Sat, 22 Aug 2020 11:40:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=397562 The ITAT allowed the appeal, directing the Assessing Officer to delete the interest levied under section 201(1A) of the Act. The Bombay High Court's decision to quash the withdrawal of the exemption certificate resulted in the revival of the NIL rate certificate, eliminating any delay in TDS deduction. The ITAT considered the issuance of a fresh certificate for the relevant period, leading to the conclusion that no interest was payable for the delay in tax deduction. The order was pronounced in July 2020, taking into account delays caused by the COVID-19 pandemic. Case-Laws Income Tax Mon, 20 Jul 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=397562