https://www.taxtmi.com/caselaws?id=27991 The High Court ruled in favor of the assessee, holding that interest under section 215 of the Income Tax Act, 1961, could not be levied. The Court emphasized the significance of tax deduction at source and the implications for interest levies on assessed tax amounts. It was concluded that interest could not be imposed on the assessee for tax deductible at source to avoid double payment of interest on the same income. The Court awarded costs to the assessee, clarifying the interpretation of sections 215 and 194A of the Income Tax Act. en-us Wed, 07 Sep 1983 00:00:00 +0530 Wed, 17 Feb 2010 12:39:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=27991 The High Court ruled in favor of the assessee, holding that interest under section 215 of the Income Tax Act, 1961, could not be levied. The Court emphasized the significance of tax deduction at source and the implications for interest levies on assessed tax amounts. It was concluded that interest could not be imposed on the assessee for tax deductible at source to avoid double payment of interest on the same income. The Court awarded costs to the assessee, clarifying the interpretation of sections 215 and 194A of the Income Tax Act. Case-Laws Income Tax Wed, 07 Sep 1983 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=27991