Section 201 of Income Tax Act, 1961— This appeal is directed against the order of CIT(A).[2019] 17 ITCD Online 46 (ITAT-COCHIN)

The only disputed issue is with regard to period of computation of interest u/s. 201(1A) of the Act. The contention of the Ld. AR is that the Supreme Court in the case of Hindusthan Coca-Cola Beverages Pvt. Ltd. vs. CIT (293 ITR 226) held that interest u/s. 201(1A) of the Act is to be charged till the date of payment of tax by deductee-assessee. In the present case, the Assessing Officer has to consider the short deduction of TDS and thereafter, he shall charge interest u/s. 201(1A) of the Act from the date of deductible tax till the date on which the deducteeassessee paid the tax on its total income. With this observation, we remit this issue to the file of the Assessing Officer to re-compute the interest u/s. 201(1A) of the Act.[CANARA BANK, CANTONMENT BRANCH, TRIVANDRUM. VERSUS THE DEPUTY COMMISSIONER OF INCOME-TAX (TDS) , TRIVANDRUM.] [2019] 17 ITCD Online (46) [ITAT COCHIN]