2015 (12) TMI 1896 - HC - Income Tax

Levy of interest u/s 234(A) - Tribunal decided the issues in favour of the assessee which relates to levy of interest under Section 234(A) as the same has also been considered in earlier assessment years - Being aggrieved thereof the instant appeal has been preferred. HELD THAT - We have gone through the orders passed by the authorities below as well as the ITAT and we are of the opinion that no substantial question of law arises out of the judgment rendered by the Income Tax Appellate Tribunal. Thus the appeal is hereby failed and dismissed accordingly.

Summary

The Calcutta High Court dismissed the appeal regarding the disallowance of interest in an income tax assessment for the year 1996-97. The Income Tax Appellate Tribunal ruled in favor of the assessee, and the High Court found no substantial question of law in the case. The appeal was failed and dismissed.