Home Case Index All Cases Income Tax Income Tax + HC Income Tax - 2017 (9) TMI HC This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2017 (9) TMI 1235 - HC - Income TaxExcessive interest u/s 234B beyond the date of the order passed by the Settlement Commission u/s 245D - Held that:- This Court finds considerable force in the submission made by the learned counsel for the assessee and the impugned orders passed by the Assessment Authority charging interest under Section 234B of the Act beyond the date of the order passed by the Settlement Commission under Section 245D(I) cannot be sustained. See Brij Lal’s case [2010 (10) TMI 8 - SUPREME COURT] in which it is clearly held that the interest under Section 234B of the Act cannot go beyond the stage of S.245D(I) before the Settlement Commission. - Decided in favour of assessee.
|