M/S RAMBUS CHIP TECHNOLOGIES (INDIA) PRIVATE LIMITED,BANGALORE vs. DCIT, BANGALORE
In the result, the revenue’s appeal is dismissed and assessee’s appeal is partly allowed
ITA 23/BANG/2015[2009-10]Status: DisposedITAT Bangalore22 Jul 2015AY 2009-10
Bench: Smt. P. Madhavi Devi & Shri Jason P.Boaz
For Appellant: Shri G.C.Srivastava, AdvocateFor Respondent: Dr.P.K.Srihari, Addl.CIT(DR)
Section 10ASection 115JSection 143(3)Section 234BSection 92C
TDS. Section 271C provides for penalty for non-deduction of tax. Section 201(1A) provides for payment of interest.
According to the learned counsel, it is evident from the aforesaid provisions of the Act that the interest under Section 201(1A) is purely compensatory and not penal in character.
According to him, since the interest has been paid
