Bombay High Court Rules Against Deduction of Interest Paid on TDS u/s 201(1A), Overturning Previous Karnataka Decision.

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....Interest paid u/s 201(1A) on TDS on payment by assessee - CIT(A) allowed the deduction following the decision of Karnataka High Court - However, jurisdictional High Court of Bombay has decided the issue against the assessee - Additions confirmed.....