https://www.taxtmi.com/caselaws?id=59513 The tribunal held that interest under section 201(1A) of the Income-tax Act, 1961 cannot be imposed for mere short deductions in initial months by the employer. It concluded that adjustments in tax deductions can be made throughout the year based on variations in income, as allowed by sections 192(1) and 192(3) of the Act. Charging interest for short deductions was deemed against legislative intent and unfair to the employer. As a result, the appeals by the assessee were allowed, and the interest charges were dismissed. en-us Wed, 05 Feb 2003 00:00:00 +0530 Thu, 30 Dec 2010 13:03:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=59513 The tribunal held that interest under section 201(1A) of the Income-tax Act, 1961 cannot be imposed for mere short deductions in initial months by the employer. It concluded that adjustments in tax deductions can be made throughout the year based on variations in income, as allowed by sections 192(1) and 192(3) of the Act. Charging interest for short deductions was deemed against legislative intent and unfair to the employer. As a result, the appeals by the assessee were allowed, and the interest charges were dismissed. Case-Laws Income Tax Wed, 05 Feb 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=59513