The Tribunal held that for failure to pay the tax deducted at source to Government Account, interest to be calculated from date on which tax should have been deducted to date on which payee should have filed its return Circular No 5 of 2010 dt 3-6 -2010 (AY.2004-05 to 2007-08)
Agreenco Fibre Foam (P.) Ltd. v. ITO(TDS) (2020)78 ITR 358(Cochin) (Trib)
S. 201 : Deduction at source – Failure to deduct or pay –Calculation of levy of interest – Interest to be calculated from the date on which tax should have been deducted to the date on which the payee should have filed its return [ S.201(1) 201(IA) ]