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2012 (6) TMI 185 - HC - Income TaxLevy of interest on non deduction of TDS - payment of Tax by the deductee - Circular No 8/2009 issued by the Board on 24 November, 2009 - held that:- The grievance is in respect of the said Circular instead of calculating the interest till the date of payment of the tax by the deductees, the interest is calculated up-to-the due date of filling of return. In fact this Court had an occasion to consider this question in the case of SOLAR AUTOMOBILES INDIA (P) LTD., Vs DEPUTY COMMISSIONER OF INCOME TAX [2011 (9) TMI 637 (HC)] - payment of interest under the Act is compensatory in nature. - The authorities shall re-do the exercise of calculating the interest and thereafter issue a fresh demand if they choose to recover the same.
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