High Court Rules Interest Mandatory for Late Tax Deposits Under UPVAT Act Section 34(8); Tribunal's Penalty Deletion Unjustified.

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....Penalty u/s 34(8) of the UPVAT Act - once it is found that tax deducted at source was not deposited within time, as was warranted under sub-section 6, payment of interest follows as a consequence and has to be paid - Tribunal was not justified in deleting the penalty - HC....