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Case Law Details

Case Name : CIT (TDS) Vs M/S Sahara India Commercial Corpn.  Ltd. (Allahabad High Court)
Related Assessment Year :
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Question about liability of interest under Section 201(1A) has also been considered by this Court in Writ Tax No. 870 of 2006 (Ghaziabad Development Authority Vs. Union of India and others), decided on 03.08.2016 wherein it has been held that it is compensatory and if recipient ­Assessee has already paid tax or not liable to pay any tax whatsoever, obviously no interest under Section 201(1A) of Act, 1961 could have been recovered from alleged Assessee in default for the reason that interest could have been charged

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