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2010 (11) TMI 998 - AT - Income Tax
Extract:
.......ng 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 for the assessment year 2006-07 is partly allowed. Pronounced in the open court on this 12th day of November, 2010.