Income Tax: No Section 201(1A) Interest if Lower Deduction adjusted in later months

Great Eastern Shipping Co. Ltd. Vs DCIT (ITAT Mumbai)

ITAT Mumbai held that levy of interest under section 201(1A) of the Income Tax Act for lower deduction of TDS not justified since the lower deduction in earlier months were due to bonafide reasons and the same was adjusted in later months.

Facts- The issue inv

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