Dismissing the appeal of the revenue the Court held that Tribunal has given the finding that there was no default since this finding of fact had not been shown to be perverse in any manner, assessee was not liable for levy of interest. (AY. 2006-07 to 2010-11)
CIT v. Zee Entertainment Enterprises Ltd. (2018) 254 Taxman 370 (Bom.)(HC) Editorial : SLP of revenue is dismissed due to low tax effect CIT v. Zee Entertainment Enterprises Ltd. ( 2020) 269 Taxman 569 (SC)
S. 201 : Deduction at source – Failure to deduct or pay –Short deduction of tax at source -Finding that there was no default hence not liable to interest .[ S.201(IA) ]