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2010 (11) TMI 983 - AT - Income Tax
Extract:
.......that the CIT (A) erred in upholding the levy of interest u/s 234B of the Act is not maintainable as charging of interest u/s 234B of the Act is mandatory and consequential in nature. This ground is, therefore, dismissed. 10. In the result the assessee’s appeal is partly allowed. Pronounced in the open court on this 12th day of November, 2010.