https://www.taxtmi.com/caselaws?id=418085 The Tribunal held that the assessee cannot be treated as an "assessee in default" to the extent TDS was effectuated, even if done in the subsequent financial year. It was ruled that interest under section 201(1A) should not be levied if the entire provision is disallowed under section 40(a)(i)/(ia). The Tribunal directed the AO to verify the details of TDS and subsequent payments and ensure no double disadvantage to the assessee. The appeals were allowed for statistical purposes. en-us Mon, 31 Jan 2022 00:00:00 +0530 Mon, 07 Feb 2022 11:40:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=418085 The Tribunal held that the assessee cannot be treated as an "assessee in default" to the extent TDS was effectuated, even if done in the subsequent financial year. It was ruled that interest under section 201(1A) should not be levied if the entire provision is disallowed under section 40(a)(i)/(ia). The Tribunal directed the AO to verify the details of TDS and subsequent payments and ensure no double disadvantage to the assessee. The appeals were allowed for statistical purposes. Case-Laws Income Tax Mon, 31 Jan 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=418085