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2020 (8) TMI 505 - AT - Income TaxLevy of interest u/s. 201(1A) of the Act for delay in deduction of tax at source - HELD THAT:- It is not in dispute that TTML filed [2018 (2) TMI 192 - BOMBAY HIGH COURT] and the Hon'ble High Court quashed the order passed by the Assessing Officer withdrawing the exemption certificate issued to the assessee for NIL deduction of TDS. By virtue of the order of the Hon'ble Bombay High Court quashing the withdrawal order passed by the TDS Officer, the certificate dated 04.05.2017 issued by the AO for NIL rate of tax got revived whereby the position prior to cancellation of the certification on 23.10.2017 was restored. In view of a fresh certificate issued for NIL TDS and is applicable for the period 28.04.2017 to 31.03.2018 NIL certificate got revived and the question of deduction of TDS will not arise. In that case there cannot be any delay. In the circumstances there is no question of levy of interest u/s. 201(1A) of the Act. Thus, we direct the Assessing Officer to delete the interest levied u/s. 201(1A) of the Act. Appeal of the assessee is allowed.
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