2005 (2) TMI 468

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....e learned CIT(A), dt. 21st Nov., 2003, for the financial years 1998-99 and 1999-2000. In these appeals, the solitary grievance of the assessee is as under: "The learned CIT(A) erred in confirming the levy of interest under s. 201(1A) of IT Act, 1961, amounting to Rs. 82,829 for the financial year 1998-99 and Rs. 72,904 for the financial year 1999-2000." 2. The brief facts of the case are tha....

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....bai) and also some other case law. 4. The learned Departmental Representative relied upon the orders of the lower authorities. 5. We have heard the rival submissions and perused the materials available on record. Sub-s. (3) of s. 192 provides that at the time of making any deduction, the person responsible can increase or reduce the amount to be deducted under this section for the purpose of....