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2019 (12) TMI 1032 - AT - Income TaxInterest on late payment of TDS u/s 201(1A) - computation of period as "per month or part of the month" - British calendar months or otherwise - identical language in section 244A(1) as in section 201(1A) - HELD THAT:- For the purpose of computation of interest, the expression month is to be interpreted as period of 30 days and not British calendar. The Ld. AR has placed on record computation to submit that excess interest levied would be ₹ 49,363/- which need to be reversed. We direct Ld. CPC-TDS / concerned AO to verify the same and charge interest accordingly in terms of our above order. HELD THAT:- For the purpose of computation of interest, the expression month is to be interpreted as period of 30 days and not British calendar. AR has placed on record computation to submit that excess interest levied would be ₹ 49,363/- which need to be reversed. We direct Ld. CPC-TDS / concerned AO to verify the same and charge interest accordingly in terms of our above order.
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