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2015 (1) TMI 1252 - AT - Income TaxInterest charged under Section 234A and 234B - Held that:- CIT(A) in the impugned order has addressed both the issues of excessive calculation of charge of interest under Section 234A and 234B of the Act, as well as by distinguishing the judicial pronouncements relied on by the assessee, before dismissing the assessee's appeal. Before us, except for reiterating the contentions that the interest charged under Section 234A and 234B of the Act was excessive and that the same two judicial decisions in the case of Prannoy Roy (2008 (9) TMI 150 - SUPREME COURT) and Bharatbhai B Shah (2013 (10) TMI 1025 - GUJARAT HIGH COURT) were applicable to the assessee's case, we find that the assessee has failed to controvert the findings of the learned CIT(A) either on facts in respect of the calculation of interest under Section 234A and 234B of the Act or in law and on facts in respect of the judicial decisions cited by the assessee. In this view of the matter, we see no reason to interfere with the findings of the learned CIT(A) in the impugned order and therefore uphold the same - Decided against assessee
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