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2014 (12) TMI 637 - HC - Income TaxInterest charged u/s 234B(4) though no interest levied at the time of framing of regular assessment u/s 143(3)- Whether the Tribunal was justified in holding that interest was rightly charged u/s 234B(4) – Held that:- The Tribunal was rightly of the view that the income of the assessee in the original assessment was determined at NIL there was no occasion for charging the interest under the provisions, otherwise as far as levy of interest is concerned, it is a mandatory and while giving the consequential effect, AO has rightly charged the interest – relying upon Commissioner of Income Tax Versus Anjum MH Ghaswala And Others [2001 (10) TMI 4 - SUPREME Court] – thus, the order of the Tribunal is upheld – Decided against assessee.
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