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1 - 10 of 22 (0.27 seconds)Section 194J in The Income Tax Act, 1961 [Entire Act]
Section 201 in The Income Tax Act, 1961 [Entire Act]
Section 273B in The Income Tax Act, 1961 [Entire Act]
Section 275 in The Income Tax Act, 1961 [Entire Act]
The Advocates Act, 1961
M/S. Hindustan Coca Cola Beverage Pvt. ... vs Commissioner Of Income Tax on 16 August, 2007
21. Further the AO quantified the amount u/s. 201(1) at Rs.
3,27,70,364 and interest u/s. 201(1A) at Rs. 19,66,218 as evidenced
by the order passed by the DCIT-15(2) (TDS), Hyderabad u/s. 201(1)
and 201(1A) of the IT Act, 1961 dated 11.11.2009. He has also
observed that the assessee submitted evidence from hospitals wherein
the payment received was reflected in their incomes and paid tax
accordingly. Thus, the assessee is not treated as an assessee in
default for the purpose of section 201(1) of the Act. As per the decision
of the Supreme Court in the case of Hindustan Coco Cola Beverage
Pvt. Ltd. vs. CIT (163 Taxman 365), interest u/s. 201(1A) is mandatory
and is required to be charged. Accordingly, the AO charged interest
u/s. 201(1A) at Rs. 19,66,018. Therefore, it is evident from the
assessment order that the assessee was not treated as an assessee in
default u/s. 201(1) of the Act.