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2003 (6) TMI 11 - HC - Income TaxImposition of interest under section 201(1A) – non deduction of tax at source on payments made to employees - Assessing Officer took the view that the assessee had paid bonus which forms part of the salary and therefore there was statutory obligation cast on the assessee to deduct tax from such payment - Orders were passed under section 201 declaring the assessee-in-default - orders of the assessing authority passed under sections 201(1) and 201(1A) of the Act are legal and valid since there was no period of limitation in view of the omission of section 231 from April 1,1989, prior to the expiry of the period of limitation provided in the said section – Thus, imposition of interest was liable to be sustained
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