TMI Blog2014 (1) TMI 25X X X X Extracts X X X X X X X X Extracts X X X X ..... icates as no amount is due from the assessee so far as TDS certificates and the amount was lying with the revenue - The interest is payable on account of the amount in excess of what is payable was remaining with the revenue and not for the delay caused by the revenue in determining the refund of the amount - Decided against Revenue. - ITA.No. 226 of 2012 - - - Dated:- 4-12-2013 - Dr Manjula Ch ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... revealed are as under. 2. The proceedings before the authorities were pertaining to two assessment years, 1989-90 and 1990-91. So far as the controversy the revenue submits, on account of defects in some of the TDS certificates filed by the assessee, as explanation was sought from him, assessee took some time to rectify the defects. When the assessing officer had to recompute the interest payabl ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... opined that there was no need to interfere with the decisions of the first appellate authority and rejected the appeal of the revenue. Aggrieved by the same, the revenue is before us. 4. As per the decisions referred to above, once the credit for TDS given, automatically logical consequence is determination of interest on the tax credit. Similarly the authorities below opined that the interest c ..... X X X X Extracts X X X X X X X X Extracts X X X X
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