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2017 (1) TMI 392 - ITAT RANCHIInterest charged u/s.234B - advance tax - CIT(A) deleted the interest charged u/s.234B relying on the decision in the case of Ajay Prakash Verma [2013 (1) TMI 140 - JHARKHAND HIGH COURT] - Held that:- Find that no mistake in the order of the ld CIT(A) could be pointed out by ld D.R. It is admitted by ld D.R. that the SLP filed before the Hon'ble Supreme Court is still pending for disposal. Hence, as on date the decision of Hon'ble Jurisdictional High Court is valid and binding. Find that the Hon'ble Jharkhand High Court in the case of Ajay Prakash Verma [supra] where following the decision in case of Smt. Tej Kumari (2000 (9) TMI 52 - PATNA HIGH COURT) that the revenue can levy the interest only on the total income declared in the returns and not on the income assessed and determined by the A.O. to that extent. - Decided in favour of assessee
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