https://www.taxtmi.com/caselaws?id=59334 The Tribunal dismissed both the Revenue's and the assessee's appeals. It upheld the CIT(A)'s decision that the assessee is not in default under Section 201(1) if the recipients had paid the tax. However, the Tribunal held that interest under Section 201(1A) is chargeable till the date of tax payment by the recipients, aligning with the compensatory nature of interest and following the Rajasthan High Court's interpretation. en-us Mon, 11 Sep 2000 00:00:00 +0530 Tue, 28 Dec 2010 18:48:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=59334 The Tribunal dismissed both the Revenue's and the assessee's appeals. It upheld the CIT(A)'s decision that the assessee is not in default under Section 201(1) if the recipients had paid the tax. However, the Tribunal held that interest under Section 201(1A) is chargeable till the date of tax payment by the recipients, aligning with the compensatory nature of interest and following the Rajasthan High Court's interpretation. Case-Laws Income Tax Mon, 11 Sep 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=59334