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2014 (9) TMI 320 - HC - Income TaxLevy and payment of interest u/s 201(1) and 201(1A) – Liability to deduct TDS on payment of tax by employees – Held that:-The foreign employees of the assessee had paid tax in India either by way of advance tax or self-assessment tax - the AO had himself not levied interest commencing from the period of deductibility of tax till the end of the Financial Year – relying upon Commissioner of Income Tax TDS vs. M/s. American Express Bank Ltd. [2011 (12) TMI 142 - DELHI HIGH COURT] - if the employees had paid taxes as per the individual return/assessment, no amount as tax would be payable to that extent and the liability for interest would be only for the period commencing from the date of such tax was deductible to the date on which tax was actually paid – Decided against revenue.
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