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2018 (2) TMI 1870 - AT - Income TaxLevy of interest u/s 234A and 234B - Income disclosed by the assessee in the return of income or on the total income determined by the A.O. - HELD THAT:- In AJAY PRAKASH VERMA [2013 (1) TMI 140 - JHARKHAND HIGH COURT] held that interest u/s 234A and 234B can be levied only on the income declared by the assessee in the return of income. The Hon’ble Jharkhand High Court [2015 (12) TMI 118 - JHARKHAND HIGH COURT] dismissed the civil review application filed by the department on this issue in this very case of Ajay Prakash Verma. Respectfully following the above the propositions of law laid down by the jurisdictional High Court, I direct the A.O. to levy interest u/s 234A and 234B only on the income returned by the assessee and not on the income assessed by the A.O.
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