https://www.taxtmi.com/caselaws?id=57217 Where the payer had obtained Form 15A certificates under Rule 29A read with the proviso to Section 194A(1), there was no obligation to deduct tax at source on the interest payments, so interest under Section 201(1A) could not be levied on that footing. The text also notes that a separate lapse, such as any default connected with Form 27A, did not by itself attract interest under Section 201(1A) unless the statutory failure under Section 201(1) existed. For years where recovery was already time-barred under Section 231, the deemed default could not be pursued and the related interest demand was likewise unsustainable. en-us Wed, 31 Oct 1990 00:00:00 +0530 Wed, 08 Dec 2010 19:12:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=57217 Where the payer had obtained Form 15A certificates under Rule 29A read with the proviso to Section 194A(1), there was no obligation to deduct tax at source on the interest payments, so interest under Section 201(1A) could not be levied on that footing. The text also notes that a separate lapse, such as any default connected with Form 27A, did not by itself attract interest under Section 201(1A) unless the statutory failure under Section 201(1) existed. For years where recovery was already time-barred under Section 231, the deemed default could not be pursued and the related interest demand was likewise unsustainable. Case-Laws Income Tax Wed, 31 Oct 1990 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=57217