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2017 (1) TMI 43 - AT - Income TaxInterest charged u/s.234B - CIT(A) deleted the interest charged u/s.234B relying on the decision of Ajay Prakash Verma [2013( (1) TMI 140] - Held that:- No mistake in the order of the ld CIT(A) could be pointed out by ld D.R. It is admitted by ld D.R. that the SLP filed before the Hon'ble Supreme Court is still pending for disposal. Hence, as on date the decision of Hon'ble Jurisdictional High Court is valid and binding. Therefore, so far as question of law involved in this appeal that whether the interest could have been levied against the assessed income of the assessee under section 234A & 234B is concerned, in view of the Full Bench judgment of Ranchi Bench of Patna High Court delivered in the case of Smt. Tej Kumari (2000 (9) TMI 52 - PATNA HIGH COURT), the revenue can levy the interest only on the total income declared in the returns and not on the income assessed and determined by the A.O. to that extent. - Decided against revenue
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