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Sec. 201(1A) of Income Tax Act, 1961— Interest — As the assessee had admittedly tendered the cheque with the bank i.e. State Bank of India, Branch: Bandra Kurla Complex, Mumbai well within the stipulated 'due date', therefore, it cannot be held as being in default for the delay on the part of the bank or the clearing house in making the remittance of the said amount to the Government Account, thus in the backdrop of our aforesaid deliberations, not being able to persuade ourselves to subscribe to the view taken by the lower authorities that the assessee was to be treated as being in default for delay in deposit of the amount of TDS, thus set aside the order of the CIT(A) and delete the interest levied by the A.O under Sec. 201(1A) - STANDARD CHARTERED BANK V/s DEPUTY CIT -  28 ITCD Online 073 (ITAT-MUMBAI)