The Supreme Court of India issued a judgment on 17 September 2021 concerning the liability of an assessee to pay interest on late payment of advance tax due to the default of an income payer in not deducting tax at the time income was paid. The case involved Mitsubishi Corporation, a non-resident company incorporated in Japan, with operations in India that included trading activities in carbon crude oil, LPG, ferrous products, industrial machinery, mineral, non-ferrous metal and products, te…