https://www.taxtmi.com/caselaws?id=307077 The Tribunal upheld the decision of the CIT(A) and dismissed all appeals of the assessee companies, confirming their liability to pay interest under Section 201(1A) of the Income-tax Act, 1961 for failing to remit TDS on certain payments. The Tribunal held that interest under Section 201(1A) is automatic and compensatory, applicable regardless of the tax liability of the deductee, supported by various judicial precedents. en-us Wed, 01 Aug 2018 00:00:00 +0530 Thu, 16 Mar 2023 21:19:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=307077 The Tribunal upheld the decision of the CIT(A) and dismissed all appeals of the assessee companies, confirming their liability to pay interest under Section 201(1A) of the Income-tax Act, 1961 for failing to remit TDS on certain payments. The Tribunal held that interest under Section 201(1A) is automatic and compensatory, applicable regardless of the tax liability of the deductee, supported by various judicial precedents. Case-Laws Income Tax Wed, 01 Aug 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=307077