2005 (2) TMI 468

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... 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 that the assessee is a Board of Secondary Education, established by the Rajasthan Gov .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... ied 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 adjusting any excess or deficiency arising out of any previous deduction or failure .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X