Non deduction or short deduction of TDS on interest - 194A

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....ommittee are distressed to note the non-deduction or short deduction of tax at source on interest payments and delayed remittance of tax deducted which also did not attract the penal provisions of the Act. Such serious lapses noticed in test check of cases by Audit should have compelled the Department to undertake a review in all the Charges to find out the extent of failure and to take appropriat....